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José, 45, is a hard working man who started working as an informal merchant 15 years ago. He then started selling lottery tickets and fruit with his wife. However, in order to earn more money, he started working at “Tía” (supermarket).

Thanks to his effort and dedication five years ago he decided to open his own business and become independent buying a store. That good decision has led to his having a grocery store today where he sells vegetables at $0.25 each, dairy products at $0.60, soft drinks at $0.50, rice, etc. He is open from 4:30am which is when he goes to buy foodstuffs and then opens the store at 6am and works until 8pm every day.

To stay in business he wants to use the loan to buy canned goods, grains, beverages and other foodstuffs for his store. In the future he’d like to have a vehicle to transport his merchandise.
View original language description ↓
Jose de 45 años, es un hombre trabajador que desde hace 15 años empezó a trabajar como comerciante informal y después empezó a vender lotería y frutas con su esposa pero para obtener más dinero comenzó a trabajar en “Tía” (supermercado).

Hace 5 años atrás con esfuerzo y dedicación decidió tener su propio negocio e independizarse comprando una tienda. Por esa buena decisión en la actualidad el tiene una tienda de víveres donde vende legumbres a $ 0.25c/u, lácteos $ 0.60, bebidas $ 0.50, arroz, etc. Trabaja desde las 04h30am cuando va a comprar los víveres hasta las 06h00 que abre la tienda hasta las 20h00pm todos los días.

Para seguir con su negocio él quiere comprar con el préstamo enlatados, granos, bebidas y otros víveres para su negocio. En el futuro quiere tener un vehiculo para poder transportar la 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
  • 80
    View loans »
    Ecuador Loans Fundraising
  • $25,065,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Jose for canned goods, sugar and rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 20, 2010
Jan 3, 2011
Currency Exchange Loss:
Jan 15, 2012