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Nelson Morcelino
Nelson, is in business of informally selling the "encebollados" dish (it's a typical food served at breakfast containing fish and onions). He lives in a house made out of cane in el Paraiso de Guayaquil (a semi-rural area with dirt roads and houses made partly in the mountains). He began to sell this area's typical dish outside of their home and slowly began having regular customers. He has been in business for 5 years and sells about 20 meals per day, and works from 06h00am until he sells all the "encebollados" that he's made.

In order to enlarge his business, Nelson would like to buy cooking pots, fish and invest some money in clothing - this will help him bring in additional income. In the future wants to have a house made out of concrete, and expand his business.
View original language description ↓
Nelson, es vendedor informal de encebollados (plato típico como desayuno contiene pescado, cebolla). vive en una casa de caña ubicada en el Paraíso de Guayaquil (zona periurbana, con caminos de tierra y las casas están ubicadas en montañas).

Comenzó a vender afuera de su casa encebollados (contiene cebollas y pescado) para poder mantener a su esposa y tres hijos que aun estudian. Poco a poco comenzó a tener clientela fija. En la actualidad ya tiene 5 años con este negocio y vende 20 platos diarios, trabaja desde las 06h00am hasta que se acabe el encebollado.

Para poder agrandar mas su negocio el quiere comprar ollas, pescados y otra parte invertirla en ropa ya que espera de ahora en adelante tener otro ingreso adicional. En el futuro quiere tener su casa de cemento y que su negocio sea mas grande.

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
  • 94
    View loans »
    Ecuador Loans Fundraising
  • $24,193,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Nelson Morcelino ollas, pescado, ropa (cooking pots, fish and clothing).
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2010
Listed
Oct 30, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2012