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Napoleon Arnulfo
Napoleon is 57 years old and manages a general store and bakery. He lives with his wife and four children in Guasmo de Guayaquil, an urban area where most of the residents are informal merchants.

Twenty-five years ago, the company that Napoleon worked for went out of business. He used the money from his severance pay to buy groceries and opened a small store in the front part of his house. With a little bit of dedication, he was able to stock his store and add a bakery. He currently works from 6am preparing bread and then opens his business and looks after it until 10pm. Each loaf of bread sells for $0.07/each, a pound of sugar for $0.25, and a liter of milk for $0.85.

Napoleon will use the loan to buy sugar, rice, and flour for both his store and bakery, thereby increasing his operating capital. In the future, he wants to grow his business and attract more customers.

View original language description ↓
Napoleon de 57 años, tiene una tienda/panadería, vive con su esposa y cuatro hijos en el Guasmo de Guayaquil (zona urbana, la mayoría de habitantes son comerciantes informales)

Hace 25 años lo liquidaron de una empresa donde trabajaba aprovecho el dinero que le dio la empresa y compro víveres para ubicar una pequeña tienda en la parte delantera de su casa, poco a poco con dedicación a podido surtir su tienda con una panadería. En la actualidad trabaja desde las 06h00am preparando panes hasta que termina y abre el negocio lo atiende hasta las 22h00pm. Cada pan lo vende a $ 0.07c/u, la libra de azúcar a $ 0.25, litro de leche a $ 0.85 etc.

Con el préstamo quiere comprar azúcar, arroz, harina para su tienda/panadería y así incrementar su capital de trabajo. En el futuro quiere que su negocio crezca y tener mas clientela.

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
  • 75
    View loans »
    Ecuador Loans Fundraising
  • $25,019,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Napoleon Arnulfo purchase sugar, rice, and flour.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 8, 2010
Oct 27, 2010
Currency Exchange Loss:
Nov 18, 2011