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Alfonso Vicente
Thirty-year-old Alfonso lives in the Fortín de Guayaquil, an area characterized by its unpaved roads and informal storekeepers and vendors. He has a small general store in the front of his house.
He chose to open his store two years ago to support his four children. Since the opening, he has worked from 5 a.m. to 11 p.m. every day. He has not had many problems with the number of customers that he has every day because his wife helps him in the store.
Looking ahead, he would like to make some improvements to his house and have another store to assure that his children have a bright future. As a first step toward achieving these goals, he will use this loan to buy sugar, rice, and dairy products for his store.
View original language description ↓
Alfonso de 30 años, vive en el Fortín de Guayaquil una zona caracterizada por sus caminos de tierra y comerciantes informales. Tiene una pequeña tienda de víveres en la parte delantera de su casa.

Escogió tener una tienda hace dos años para poder mantener a sus cuatro hijos, desde ese tiempo hasta ahora trabaja desde las 05h00am hasta las 23h00pm todos los días. No ha tendido muchos problemas por el volumen de clientes que tiene diario porque su esposa le ayuda con la tienda.

En el futuro quiere construir mejor su casa y tener otra tienda para asegurar el futuro de sus hijos pero para llegar a eso el quiere comprar con el préstamo azúcar, arroz, lácteos para su tienda.

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
  • 102
    View loans »
    Ecuador Loans Fundraising
  • $24,143,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Alfonso Vicente purchase of sugar, rice, and dairy products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2010
Listed
Sep 20, 2010
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2011