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Luis Alverto
Luis is 52 years old and has a store at the front of his house (his children, ages 12 and 10, appear in the photo). He lives in a periurban area with dirt roads called “Paraíso”.

Last year Luis had many goals for his family to accomplish, but his wife left him alone to take care of their three young children. He started working as a porter in the early morning hours at the market so that he could spend time with them. Using his savings and a loan, Luis bought provisions and opened a store in his house. Over time he improved his home by constructing it out of cement. His children are now 16, 12, and 10 and help him manage the store when they return from school. Meanwhile he goes out looking for more work so that he can provide his children with a better life.

To continue his business, Luis wants to use this loan to buy rice, beverages, sugar, and candy. In the future he wants his children to have a better life and create separate spaces in his house so that they can have their own rooms.

View original language description ↓
Luis de 52 años, tiene una tienda en la ventana delantera de su casa (sus hijos de 12 y 10 aparacen en la foto), vive en una zona periurbana con caminos de tierra llamada “Paraíso”.

Hace año atrás el tenia muchas metas para hacer con su familia, pero cuando su esposa lo abandono con sus tres hijos pequeños el tubo que hacerse cargo de ellos y comenzar a trabajar como cargador en las madrugadas en un mercado para dedicarles tiempo a ellos. Con sus ahorros y un préstamo el pudo comprar víveres para ubicar una pequeña tienda en la ventana de su casa, poco a poco construyo mejor su casa y la hizo de cemento. Ahora sus hijos de 16,12 y 10 años le ayudan en la tienda cuando regresan de la escuela. Mientras el sale a buscar mas trabajo para darles una mejor vida a sus hijos.

Para seguir con su negocio el quiere con el préstamo comprar arroz, bebidas, azúcar, golosinas. En el futuro quiere que sus hijos tengan una mejor vida y poder hacer separaciones en su casa para que cada uno tenga su propio cuarto.

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
  • 69
    View loans »
    Ecuador Loans Fundraising
  • $24,577,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Luis Alverto purchase rice, beverages, sugar, and candy.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 9, 2010
Sep 14, 2010
Currency Exchange Loss:
Nov 15, 2011