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Mercedes Eugenia
Mercedes is a 64-year-old widow who lives in Guasmo de Guayaquil and has three children. She runs a small general store in the front part of her house.

When her husband passed away 5 years ago, she was left to raise her three children on her own, so she had to invest her savings in purchasing provisions and remodeling the front part of her house so that she could set up her general store and support her children. Since then, she has been working from 8am until 9pm every day. On some occasions, she falls ill due to her age, but she continues to work in order to ensure a peaceful old age.

She would like to purchase rice, cooking oil, and stationery with this loan so that she can restock her shop. In the future, she would like to remodel her house so that she can give it to her children.

View original language description ↓
Mercedes de 64 años, vive en el Guasmo de Guayaquil, es viuda con tres hijos, tiene una pequeña tienda en la parte delantera de su casa.

Hace 5 años murió su esposo ella se quedo sola con sus tres hijos, tuvo que invertir sus ahorros en vivieres y readecuar la parte delantera de su casa para tener su pequeña tienda y así mantener a sus hijos. Desde ese tiempo hasta ahora ella ha trabajado desde las 08h00am hasta las 21h00pm todos los días, en ocasiones se enferma y recae por su edad pero sigue trabajando para asegurar su vejez.

Ella quiere comprar con el préstamo arroz, aceite y papelería para surtir su tienda. En el futuro quiere readecuar su casa para dársela a sus hijos.

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
  • 77
    View loans »
    Ecuador Loans Fundraising
  • $24,585,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Mercedes Eugenia purchase rice, cooking oil and stationery.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jul 26, 2010
Aug 23, 2010
Currency Exchange Loss:
Sep 30, 2011