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Karen Margarita
Karen, who is a 20 year old single mother, has a small stationery shop in the front part of her house. She lives in a built-up area on the edge of the city, where most of the inhabitants are informal traders.

She chose to have a stationery shop because her little son needed to have a better life economically, because she is a single mother. Little by little, with a lot of effort, she was able to buy a range of stationery items, notebooks and pens. At the moment she works from 8am, selling one-dollar notebooks, pens, pencils, paper, etc.

With the loan she wants to buy similar items for her stationery shop. In future she wants to continue with her business and if possible expand with more merchandise.
View original language description ↓
Karen de 20 años, tiene una pequeña papelería en la parte delantera de su casa, es madre soltera. Vive en una zona urbana llamada suburbio caracterizada porque la mayoría de sus habitantes son comerciantes informales.

Escogió tener una papelería porque su hijo pequeño necesitaba tener una mejor viva económica ya que es madre soltera. Poco a poco con esfuerzo pudo comprar diversa papelería, cuadernos, plumas. En la actualidad trabaja desde las 08h00am vendiendo cuadernos a $ 1.00, plumas, lápices, papelería etc.

Con el préstamo quiere comprar cuadernos, plumas, papelería y otros artículos para su papelería. En el futuro quiere seguir con su negocio y si es posible agrandarlo más con mas mercadería.

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
  • 88
    View loans »
    Ecuador Loans Fundraising
  • $24,583,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Karen Margarita notebooks, pens, stationery.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 22, 2010
Dec 1, 2010
Currency Exchange Loss:
Jan 15, 2012