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Carlos Enrique
Carlos, 61, has a grocery store where he sells a pound of rice for $0.30, a pound of sugar for $0.35. He lives in El Suburbio de Guayaquil one of the areas that’s notable because most of its residents are merchants.

He started ten years ago selling ice cream and snacks. The business grew gradually thanks to some savings he had. He bought some display cases, rice, canned goods and sugar so that her customers would have more variety to buy. Little by little the store became well known and how he’s open from 6:30am until 11pm. His eldest daughter helps him.

He will use the loan to buy candy, cooking oil and rice to better stock his store. In the future he’d like to expand the business and buy more merchandise.
View original language description ↓
Carlos de 61 años, tiene una tienda de víveres en donde vende la libra de arroz a $ 0.30, la liba de azúcar $ 0.35. Vive en el suburbio de Guayaquil una de las zonas caracterizada por que la mayoría de sus habitantes son comerciantes.

Empezó hace 10 años vendiendo helados y confites poco a poco creció su negocio con algunos ahorros que tenía. Compro unas vitrinas, arroz, enlatados, azúcar para que sus clientes tengan más variedad al comprar. Poco a poco su tienda fue conocida hasta ahora que trabaja desde las 06h30am hasta las 23h00pm con la ayuda de su hija mayor.

Con el préstamo quiere comprar dulces, aceite, arroz para surtir más su tienda. En el futuro quiere ampliar su negocio y comprar más 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

  • $10,200
    Average annual income
  • 42
    View loans »
    Ecuador Loans Fundraising
  • $23,142,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Carlos Enrique for candy, cooking oil, rice.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2011