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Renato Juan
Renato, 50 years old, lives on the outskirts of Guayquil, and he works in the informal sector selling gallons of water. He works collecting and delivering water bottles.

He began renting small apartments in order to provide for his family, but he needed more income. He decided to sell gallons of water from his home and now sells each gallon for $2.50. He still rents apartments, and his wife helps him manage his rental properties while he sells water.

He wants to continue with his business and buy plastic bottles for water and cement to make improvements on his apartments. In the future he would like to be an official distributor of bottled water.
View original language description ↓
Renato de 50 años, , vive en la Perimetral de Guayaquil (zona periurbana, a su alrededor tiene el estero salado), el es comerciante informal de galones de agua, trabaja recorriendo y repartiendo las botellas de agua.

El comenzó alquilando departamentos pequeños para poder mantener a su familia pero como necesitaba mas ingresos decidió vender galones de agua en su casa, por esa buena decisión ahora vende cada galón a $ 2.50 y continua alquilando departamentos, su esposa le ayuda en la administración de los departamentos, mientras que el vende los galones.

Para seguir con sus negocio el quiere comprar con botellones y cemento para mejorar los departamentos, en el futuro quiere tener una distribuidora de agua.

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
  • 46
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Renato Juan purchase of gallons of water and cement.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 2, 2010
Listed
Jul 27, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2011