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Simon is 62 years old and runs a small grocery store in the front part of his house. He lives in a semi-urban zone called Paraíso, which is characterized by its dirt roads and deteriorating ecosystem.

In order to support his wife and four children, he decided to invest his savings in groceries to sell. Since that time, he has worked from 7:00 a.m. to 10:00 p.m. every day, selling rice, sugar, drinks, candies, etc. He has been able to capitalize on business with the help of Fundación D-MIRO Mision Alianza.

With this loan, he wants to buy rice, oil, and sugar for his grocery store. In the future, he wants to have the best-stocked store, and in this way, to be able to support himself and his wife in their old age.
View original language description ↓
Simon de 62 años, tiene una tienda de víveres en la parte delantera de su casa, vive en una zona periurbana llamada Paraíso y caracterizada por sus caminos de tierra y ecología en disolución.

El para poder mantener a su esposa y a sus cuatro hijos decidió invertir sus ahorros en víveres para vender. Desde ese tiempo trabaja desde las 07h00am hasta las 22h00pm todos los días vende arroz, azúcar, bebidas, caramelos. A podido capitalizar el negocio debido a la ayuda de la institución.

Con el préstamo quiere comprar arroz, aceite y azúcar para su tienda de víveres, en el futuro quiere tener la tienda mas surtida y así asegurar la vejez de el y su esposa.

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
  • 88
    View loans »
    Ecuador Loans Fundraising
  • $25,057,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Simon to buy rice, sugar, and drinks.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Sep 13, 2010
Oct 10, 2010
Currency Exchange Loss:
Jul 15, 2011