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Efraín is 26 years old and lives in Guayaquil in an urban area where most of the residents own informal businesses. Efraín owns a small business selling vegetables.

He started his business three years ago selling vegetables and fish at the market. With the support and encouragement of his wife, he rented a small space from where he started selling beverages, grains, vegetables, etc. He now works every day at his store with the help of his wife.

To increase his sales, Efraín wants to buy more vegetables and beverages. In the future, he would like to buy a vehicle to better transport his produce.
View original language description ↓
Efraín de 26 años, vive en el Suburbio de Guayaquil(zona urbana, la mayoría de habitantes son comerciantes informales), el tiene una tienda, la mayor parte de sus ventas son legumbre.

El empezó hace 3 años vendiendo legumbres en el mercado y pescado poco a poco con esfuerzo y la motivación de su esposa alquilo un local y comenzó a vender bebidas, granos, legumbres etc. Ahora el trabaja de lunes a domingo vendiendo en su tienda con ayuda de su esposa.

Para poder incrementar su negocio el quiere comprar legumbres y bebidas. En el futuro espera comprar un carro para transporta mejor las legumbres.

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
  • 94
    View loans »
    Ecuador Loans Fundraising
  • $24,193,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Efrain buying beverages and vegetables.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 13, 2010
Jul 29, 2010
Currency Exchange Loss:
Aug 15, 2011