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Monserrate Encarnacion
Monserrate, who is 45 years old, sells clothing and cuddly toys in the streets of Guasmo. She lives on the outskirts of the city, where the majority of people are informal traders.

She started selling clothes when she was very young, making and selling them in the streets of Guasmo. With time she was able to develop a solid customer base. Now she works selling clothing and very good value soft toys from a stall located in a neighbourhood of Guasmo that can be a little dangerous.

With the loan she wants to buy toys and second hand clothes to sell in greater volume. In the future she would like to open a stationery shop in her house.
View original language description ↓
Monserrate de 45 años, vende ropa y peluches recorriendo las calles del Guasmo. Vive en una zona periurbana caracterizada porque la mayoría de sus habitantes son comerciantes informales.

Comenzó a vender ropa desde muy joven, confeccionándola y vendiéndola en las calles del Guasmo. Con el esfuerzo de todos los días pudo tener una clientela fija. En la actualidad trabaja vendiendo ropa y peluches muy económicos en un puesto en la calle ubicado en una zona del Guasmo que es un poco peligrosa.

Con el préstamo quiere comprar peluches y ropa de segunda mano para vender a un mas volumen. En el futuro quiere tener una papelería en su casa.

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
  • 50
    View loans »
    Ecuador Loans Fundraising
  • $24,292,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Monserrate Encarnacion clothing, soft toys.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 25, 2010
Dec 1, 2010
Currency Exchange Loss:
Jan 15, 2012