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Segundo Vicente
Segundo is 59 years old. He owns a shop in which he sells spare bicycle parts and “encebollado” (a stew made with fish or meat and onions). He lives with his wife in the suburb of Guayaquil, an urban area where most of the inhabitants are informal traders.

He began repairing bicycles about 15 years ago, but as time passed, he realized that people wanted to buy the spare parts rather than send in the bicycles for repair so he decided to use his savings to buy spare parts and sell them in his shop. To earn more money, he also sells “encebollados” (a typical breakfast dish) at the same shop in the mornings. That means he sells “encebollados” from 7:30 until 9:30 and he spends the remainder of his time selling spare parts.

He will use this loan to buy cement and paint to make modifications to the shop and have space for both of his businesses. In the future, he wishes to enlarge the shop, and continue working to help his family financially.
View original language description ↓
Segundo de 59 años, tiene un local de repuestos de bicicletas y venta de encebollado. Vive con su esposa en el Suburbio de Guayaquil(zona urbana, la mayoría de habitantes son comerciantes informales).

Empezó aproximadamente hace 15 años atrás arreglando bicicletas, pero con el pasar del tiempo se dio cuenta que la gente quería comprar mas los repuesto que enviarlas arreglar así que opto comprar con sus ahorros repuestos de bicicletas y venderlos en su local. Para obtener mas dinero el también vende por las mañana en el mismo local de repuestos encebollados (plato típico como desayuno). Eso quiere decir que el negocio de encebollados lo tiene desde las 07h30 hasta las 09h30 y el resto de tiempo es para la venta de los repuestos.

Con el préstamo quiere comprar cemento, pintura para hacer una adecuaciones para le local y tener espacio para las dos actividades que realiza. En el futuro quiere agrandar el local, y seguir trabajando para ayudar a su familia económicamente.




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
  • 43
    View loans »
    Ecuador Loans Fundraising
  • $23,142,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Segundo Vicente cement, paint.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2010
Listed
Oct 26, 2010
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2011