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Pedro Martin
Pedro is 37 years old and lives in the el Fortín area in Guayaquil, an area on the outskirts of the city with a crumbling environment. He has a sewing shop, but before making his own clothes he worked as a tailor making alterations and repairs.

With hard work and dedication he was able to buy a sewing machine, and he runs his sewing shop out of his house. He makes shirts, pants, and other outfits. He works from 7:00 am to 6:00 pm. To have a better chance of growing his business he will use the loan to purchase fabrics, thread, and another sewing machine.

In the future he would like to have a separate location for his shop and finish building his home, which is still made of sugar cane.
View original language description ↓
Pedro de 37 años, vive en el Fortín de Guayaquil (perímetro periurbano con restos de una ecología en disolución). El tiene un taller de costura, pero antes de confeccionar ropa tuvo que ser sastre de ropa.

Con esfuerzo y dedicación el pudo comprar una maquina de coser y tener su taller de confección en su casa. El hace camisetas, pantalones, conjuntos de ropa. Trabaja desde las 07h00am hasta las 18h00pm. Para tener mas oportunidad de incrementar su negocio el quiere comprar con el préstamo telas, hilos y una maquina de coser.

En el futuro quiere tener su propio local para el taller y terminar de construir su casa que aun es de caña.

Additional Information

About Banco D-MIRO

Banco D-MIRO is a microfinance institution that serves the most vulnerable sectors of Ecuador’s economy. It offers very small loan sizes without requiring collateral, expanding access to borrowers who would not otherwise be able to access capital to start and grow their own businesses. It also specifically targets borrowers who are excluded from formal financial systems due to race, ethnicity, gender, disability or illness.

About Ecuador

  • $10,200
    Average annual income
  • 49
    View loans »
    Ecuador Loans Fundraising
  • $23,231,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Pedro Martin fabric, thread, and a sewing machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2010
Listed
Jun 23, 2010
Currency Exchange Loss:
N/A
Ended:
Jun 20, 2011