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Luis Enrique
Luis is 51 years old and lives in the outskirts of Guayaquil (a suburban zone surrounded by the Guayaquil estuary). He has been selling fish for the past to years, in order to support his wife and seven children.

One of Luis’ friends encouraged him to begin selling fish because he needed an income and his family didn’t live well. He borrowed some money and began buying and selling fish. Little by little he was able to sell fish by the sac. Now he works from morning to night, selling fish such as tilapia and corvina.

He will use the money from this loan to buy various types of fish and shrimp to continue his business. In the future he would like to buy a lot on which he can build his own home.
View original language description ↓
Luis de 51 años, vive en la Perimetral de Guayaquil (zona periurbana, rodeada del estero de Guayaquil), el vende pescados desde hace años para mantener a sus 7 hijos y esposa.

Una amigo de Luis le animo para que vendiera pescado ya que la falta de ingresos ocasionaba que su familia no viviera bien, con un dinero prestado comenzó a comprar y vender pescado, poco a poco pudo vender pescados por saco. Ahora el trabaja desde la mañana hasta las tardes vendiendo pescados como tilapia y corvinas.

Con el préstamo el quiere comprar para continuar con su negocio pescados de varios tipos y camarones. En el futuro el quiere comprar un solar para construir su casa propia.

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
  • 59
    View loans »
    Ecuador Loans Fundraising
  • $23,522,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $900 helped Luis Enrique fish and shrimp for resale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2010
Listed
Jul 24, 2010
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2011