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Ricardo Elias
Ricardo is 35 years old, and lives in the Guyaquil suburb (an urban area, the majority of the people are in the informal business) he has a mechanics’ shop for some two years.

When he began his workshop it was with the incentive to support his family, he had his workshop in the street but with good earnings he was able to refit his home and locate the mechanic’s shop, he now works from 08h30am until 17h00pm he is helped by two people.

With the loan he wants to buy tools and spare parts for his business, in the future he wants to expand his business in another place and to remodel his home.

View original language description ↓
Ricardo de 35 años, vive en el Suburbio de Guayaquil(zona urbana, la mayoría de habitantes son comerciantes informales), el tiene un taller mecánico desde hace años.

Cuando comenzó con su taller fue con la motivación de mantener a su familia, el tenia su taller en la calle pero con los bueno ingresos que obtuvo pudo readecuar su casa y ubicar el taller de mecánica, ahora trabaja desde las 08h30am hasta las 17h00pm le ayudan dos personas.

Con el préstamo el quiere comprar herramientas y repuestos para su negocio, en el futuro quiere ampliar su negocio en otro lugar y readecuar su casa.

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
  • 86
    View loans »
    Ecuador Loans Fundraising
  • $25,054,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Ricardo Elias to buy tools and spare parts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 16, 2010
Jul 31, 2010
Currency Exchange Loss:
Aug 22, 2011