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Juan Richard
Juan, who is 19 years old, has an automobile lube workshop. He lives in an urban area called “Las Orquídeas” (The Orchids). It got it name because when it was discovered, there where many orchids there.

He began working as a lube technician in an auto repair workshop, but for a lack of opportunities there he decided to open his own lube shop, since he enjoys that profession. Little by little, and with a good deal of effort, he has been able to build up a clientele and earn enough money to support his daughter. He now works from 8:00am to 6:00pm.

With the loan, he wants to purchase automobile lubricants and oils to be able to give better service to his customers. In the future, he wants to have an automobile service company.
View original language description ↓
Juan de 19 años, el tiene un taller de lubricadora para vehículos, vive en una zona urbana “Las Orquídeas” llamado así porque en su descubrimiento habían muchas flores orquídeas.

Inicio trabajando como lubricador en un taller de carros pero por la falta de oportunidades el decidió implementar un negocio de lubricación de automóviles ya que le gusto esta profesión. Poco a poco con esfuerzo a podido tener su clientela y tener dinero para mantener a su hija, ahora trabaja desde las 08h00am hasta las 18h00pm.

Con el préstamo quiere comprar lubricantes y aceites para carro y así dar una mejor atención a sus clientes. En el futuro quiere tener una empresa de servicios automovilísticos.

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
  • 13
    View loans »
    Ecuador Loans Fundraising
  • $22,546,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Juan Richard lubricants, oils.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2010
Listed
Sep 15, 2010
Currency Exchange Loss:
N/A
Ended:
Oct 24, 2011