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Jorge Ricardo
Jorge is 20 years old. He has a small store in the front part of his house. He lives in an urban area called Guasmo. It is characterized by the fact that most of its inhabitants are informal merchants.

When his father dies, he took over the store that supported his whole family. Since then, he has managed it well, selling all types of groceries such as rice, oil, and sugar. He is inlcuding all types of household items and person use products.

He wants to continue with his business to keep helping his mother and sisters. That it why he wants to use the loan to buy rice, oil and sugar. In the future, he wants to increase his business and be able to buy an automobile.
View original language description ↓
Jorge de 20 años, tiene una pequeña tienda en la parte delantera de su casa, vive en una zona urbana llamada Guasmo caracterizada porque la mayoría de sus habitantes son comerciantes informales.

Cuando murió su papa el se hizo cargo de la tienda que mantenía a toda su familia, desde ese tiempo el la ha administrado bien, vende todo tipo de víveres como arroz, aceites y azúcar. Esta incluyendo en su tienda artículos para casa y productos de uso personal.

El quiere seguir con su negocio para seguir ayudando a su mama y hermanas, por eso quiere comprar con el préstamo arroz, aceites y azúcar. En el futuro quiere incrementar su negocio y poder comprar un automóvil.

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
  • 11
    View loans »
    Ecuador Loans Fundraising
  • $22,566,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Jorge Ricardo rice, oil, sugar.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2010
Listed
Sep 18, 2010
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2011