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Elvo Iban
53-year-old Elvo has a grocery store where he sells rice, canned goods, meats etc. He lives on the outskirts of town where the roads are made of dirt and houses are built on the hillsides.

Elvo has his own store because he doesn’t want to work for an employer, and this way he earns more money to support his wife and children. He sells milk products, grains, drinks, and oil at good prices. He and his wife work in the store from 7am to 10pm every day.

In order to increase the stock in his store, he wishes to use the loan to buy rice, sugar, and oil. In the future he plans to expand the store and stock it with more items so that he can provide his children with a better future.
View original language description ↓
Elvo de 53 años, tiene una tienda de víveres en donde vende arroz, enlatados, canes etc. Vive en una zona periurbana, con caminos de tierra y las casas están ubicadas en montañas.

El tiene la tienda para no depender de un empleador y así conseguir mas dinero para mantener a su esposa y dos hijos. Vende lácteos, granos, bebidas, aceites a un bajo precio. Trabaja con su esposa desde las 07h00am hasta las 22h00pm todos los días.

Para poder incrementar los víveres de su tienda quiere comprar con el préstamo arroz, azúcar y aceites. En el futuro quiere ampliar y surtir mas su tienda para darles un mejor futuro 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

  • $10,200
    Average annual income
  • 57
    View loans »
    Ecuador Loans Fundraising
  • $23,889,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Elvo Iban to buy rice, sugar, and oil.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 11, 2010
Listed
Aug 27, 2010
Currency Exchange Loss:
N/A
Ended:
Sep 30, 2011