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Jose Ibaldo
José is 48 years old and is an informal salesman of appliances (he appears alongside his wife in the photo). He lives in a semi-urban area with all the public services available. His home is located inside the Guayaquil perimeter surrounded by a salt marsh.

In order to earn money for her family, he has invested his savings in household products and appliances to start selling them to friends and acquaintances. Little by little with hard work and help from his wife, who accompanies him when he sells, he has been able to continue this business. He purchases his appliances from a distributor at low costs and then resells them to his clients. He sells televisions, stovetops, blenders, and other appliances.

With the loan he will buy blenders and televisions to have a better inventory of products. In the future he hopes to finish making improvements on his house and have a small store to sell his appliances.
View original language description ↓
José de 48 años, es vendedor informal de electrodomésticos (aparece en la foto con su esposa), vive en una zona periurbana con todos los servicios básicos el lugar esta ubicado en la Perimetral de Guayaquil zona rodeada de un estero.

Por la necesidad de tener dinero para su familia el invirtió sus ahorros en artículos para el hogar y electrodomésticos para comenzarlos a vender a sus amigos y conocidos. Poco a poco con esfuerzo y ayuda de su esposa quien lo acompaña a vender los electrodomésticos ha podido seguir con esta actividad, trabajando desde muy temprano. Comprar los electrodomésticos en una distribuidora a un bajo costo para así venderlos a sus clientes. Vende televisores, cocinetas, licuadoras etc.

Con el préstamo quiere comprar licuadoras, televisores para tener mas surtidas sus ventas. En el futuro quiere terminar de arreglar su casa, y tener un pequeño local par ala venta de sus electrodomésticos.

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
  • 55
    View loans »
    Ecuador Loans Fundraising
  • $24,996,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Jose Ibaldo appliances (blenders, televisions).
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 28, 2010
Nov 9, 2010
Currency Exchange Loss:
Oct 27, 2011