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Vicente Heraldo
54 year-old Vicente lives in Guasmo, Guayaquil (an urban zone where the majority of its inhabitants are informal merchants). He has got a "bollos" stall (a plate of bananas and fish, very typical from the beaches of Ecuador). Before he sold "bollos", he worked on a boat as a cook but he didn't make enough money to maintain his family and so he decided to cook his own food and sell it. Little by little and with a lot of hard work, he was able to work independently selling "bollos." Now, in order to expand his business, he wants a loan so that he can purchase a metal door for his business and kitchen supplies. In the future, he wants to have his own restaurant of typical Ecuadorian cuisine.
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Vicente de 54 años, vive en el Guasmo de Guayaquil, (zona urbana, la mayoría de los habitantes son comerciantes informales), el tiene un puesto de venta de “bollos” (plato típico contiene plátanos y pescado muy típico en las playas de Ecuador).

Antes de vender bollos el trabajaba en un barco como cocinero, pero como no tenia ingresos suficientes para mantener a su familia decidió hacer su propia comida y venderla, poco a poco con esfuerzo pudo trabajar independientemente vendiendo bollos.

Ahora para poder agrandar su negocio el quiere con el préstamo comprar una puerta metálica para su local y artículos para cocina. En el futuro quiere tener su propio restaurante de comidas típicas del Ecuador.

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

  • $10,600
    Average annual income
  • 47
    View loans »
    Ecuador Loans Fundraising
  • $24,293,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Vicente Heraldo metal door and kitchen supplies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 24, 2010
Jul 22, 2010
Currency Exchange Loss:
Jul 15, 2011