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Hugo Filibeto
Hugo, 40, is an informal clothing merchant. He lives with his wife and children in an urban zone, called Orquídeas, because when it was discovered there were many flowers there and currently there’s a park with these flowers.

He used to work as a Security Guard but his salary wasn’t enough to support his family so he decided to become an informal merchant. Gradually his work grew and profits did too so he decided to continue with this informal clothing and shoes sales activity. He currently works from very early in the morning with his wife’s help. He sells pants for $25.00, shoes for $30.00 and blouses for $5.00 each.

He will use the loan to buy clothes and beauty products to sell to his customers. In the future he’d like to continue to add to his stock and include an additional line of products to sell, like jewelry.
View original language description ↓
Hugo de 40 años, es vendedor informal de ropa. Vive con su esposa e hijos en una zona urbana llamada Orquídeas porque en su descubrimiento descubrieron muchas flores y en la actualidad hay un parque de estas flores.

El trabajaba como guardia pero como el sueldo no le alcanzaba para mantener a su familia decidió comenzar a trabajar como comerciante informal. Poco a poco su trabajo fue incrementando y las ganancias fueron creciendo así que decidió continuar con esa actividad de vendedor informal de ropa y zapatos. En la actualidad trabaja desde muy temprano con la ayuda de su esposa. Los pantalones los vende a $ 25.00, los zapatos a $ 30.00 y las blusas a $ 5.00 c/u.

Con el préstamo quiere comprar ropa y productos de belleza para venderle a sus clientas. En el futuro quiere seguir incrementando su mercadería y tener otra línea de venta como joyería.

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
  • 50
    View loans »
    Ecuador Loans Fundraising
  • $23,490,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Hugo Filibeto for clothes and beauty products.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2010
Listed
Nov 17, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2012