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Lorena Rosario
Lorena is 41 years old . She’s a storekeeper who sells clothing and other various products. She lives with her 4 children; they are 23, 19, 9 and 5. They live in Guayaquil, in the "Guasmo" ( an urban area where the majority of the residents are informal merchants).


In order to maintain her family and help her husband, Lorena had to start working with her sister-in-law. However, since she wanted her own income, she decided to have her own place to sell clothing and other merchandise. She started by selling clothing near her home and to her neighbors. Little by little, she increased her business by selling shirts, shoes, pants, etc. as well.


To continue with her clothing business, she wants to buy blouses and pants with the loan. In the future, she wants to have another store in “la bahia”, the most commercial area of Guayaquil.

View original language description ↓
Lorena de 41 años, ella es comerciante de ropa y artículos varios, vive con sus cuatro hijos de 23, 19, 9, 4 años en el Guasmo de Guayaquil (zona urbana, la mayoría de habitantes son comerciales informales).

Para poder mantener a su familia y ayudar a su esposo tuvo que comenzar a trabajar como con su cuñada pero como ella quería general sus propios ingresos decidio tener su propio local de ropa y artículos varios, comenzó a vender la ropa en su local y a sus vecinos , Poco a poco a incrementado su negocio con las ventas de camisas, zapatos, pantalones etc.

Para continuar con su negocio de venta de ropa ella quiere comprar con el préstamo blusas y pantalones. En el futuro quiere tener otro negocio en la bahía ya que es el lugar mas comercial de Guayaquil.

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
  • 52
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Lorena Rosario to buy blouses, pants.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2010
Listed
Oct 26, 2010
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2011