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Eduardo Reyes
Eduardo is 33 years old and has a grocery store. He lives in El Fortín (a peri-urban area of Guayaquil), which is characterized by its dirt roads and informal merchants.


He began his business two years ago with a wood perch. Little by little, he expanded his business with groceries to sell to his neighbors. Since then, the money has helped him to support his family. In the store he sells rice, sugar, etc.


He has a wife and two children who are 8 years old and 8 months old. They live in a house that is under construction, which is why he wants to use 50% of the loan to buy cement and paint, and the other 50% for rice and sugar. In the future, he wants to better build his house to provide his family with a better life.

View original language description ↓
Eduardo de 33 años, tiene una tienda de víveres y vive en el Fortín de Guayaquil una zona caracterizada por sus caminos de tierra y comerciantes informales.

Inicio su negocio con una percha de madera hace dos años, poco a poco fue incrementando su negocio con víveres para venderlo a sus vecinos. desde ese tiempo el dinero le ha ayudado a mantener a su familia. En la tienda vende arroz, azucare tc.

El tiene dos hijos de 8 años y otro 8 meses y su esposa que viven en una casa que esta en construcción, por eso quiere con el préstamo comprar un 50% cemento y pinturas y el otro 50% arroz y azúcar. En el futuro quiere construir mejor su casa para darle una mejor vida a su familia.

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
  • $22,842,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Eduardo Reyes rice, oils, cement, paint.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 15, 2010
Listed
Sep 21, 2010
Currency Exchange Loss:
N/A
Ended:
Aug 29, 2011