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Luis Albeto
Luis is 28 years old and sells fruits and vegetables from the front of his house. He lives in Fortín de Guayaquil, an area characterized by unpaved roads and many informal businesses.

Earlier, he worked selling burial caskets to support his wife and his two children, aged 10 and 6. However, since he wanted to spend more time with his family, he invested his savings in groceries and set up a small store in the front window of his house. Since that time, he has been selling vegetables, fruits and groceries.

With the loan, he would like to buy rice, cooking oil and soft drinks, so he can expand his store, offering a wider range of grocery items as well as produce. In the future, he would like to finish constructing his house and expand his business.
View original language description ↓
Luis de 28 años, vende verduras y frutas en la parte delantera de su casa, vive en el Fortín de Guayaquil una zona caracterizada por sus caminos de tierra y comerciantes informales.

El antes trabajaba vendiendo cofres mortuorios para poder mantener a su esposa y dos hijos de 10 y 6 años. Pero como quería pasar mas tiempo con su familia invirtió sus ahorros en víveres y puso una pequeña tienda en la ventana de su casa. Desde ese tiempo hasta ahora ha vendido verduras, frutas y víveres.

Con el préstamo quiere comprar arroz, aceites y bebidas para diferenciar su negocio no solo con verduras sino con mas víveres, en el futuro quiere terminar de construir su casa y expandir su negocio.

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
  • 57
    View loans »
    Ecuador Loans Fundraising
  • $24,312,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Luis Albeto buying rice, cooking oil and soft drinks.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Sep 1, 2010
Sep 20, 2010
Currency Exchange Loss:
Aug 15, 2011