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Nelson Otton
Nelson is 21 years old and lives in Orquídeas de Guayaquil (an urban area that was originally named Orquídeas for the abundance of these flowers, orchids). Nelson used to work in a company but since they laid him off, he decided to invest his severance pay in buying sewing machines to work together with his wife.

Little by little and with effort and dedication, they were both able to sew the clothes and deliver them to different places. He starts work very early with his wife and now two relatives help them sew clothes. They sell the clothes for $1.20, $1.50 and the pants for $1.80.

He wants to buy an industrial sewing machine with the loan and thread to make more clothes. He wants to expand his shop in the future.
View original language description ↓
Nelson de 21 años, vive en las Orquídeas de Guayaquil, (lugar urbano, en sus principios fue llamado Orquídeas por la abundancia de esa flor). Nelson antes trabaja en una empresa pero como lo despidieron decidió invertir su liquidación en maquinas de coser para trabajar en conjunto con su esposa.

Poco a poco los dos con esfuerzo y dedicación pudieron confeccionar y repartir la ropa a distintos lugares, trabaja desde muy tempranos con su esposa y ahora le ayudan dos familiares cociendo ropa. Las prendas por $ 1.20, $ 1.50 y los pantalones a $ 1.80.

Con el préstamo quiere comprar una maquina de coser industrial y hilos para hacer mas ropa, en el futuro quiere ampliar su taller.

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
  • 64
    View loans »
    Ecuador Loans Fundraising
  • $23,896,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Nelson Otton sewing machine, thread.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2010
Listed
Jun 30, 2010
Currency Exchange Loss:
N/A
Ended:
Jul 19, 2011