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Fredy Jacinto
58 year old Fredy lives in Guasmo, Guayaquil (an urban zone where the majority of its inhabitants are informal merchants). He has two grown children.

Fredy always wanted to have his own business and his wife had a great place available so they decided to start a restaurant. Together with his wife he works from 10am until 14:30pm. They sell lunches for $1.50.

At the moment he does not experience any problem with his business. He plans to use his loan to buy a showcase ($100), a stove ($150), a fridge ($400) and the rest he will spend on ingredients for the lunches and sodas to sell.

In the future he hopes to open another business in the center of town.

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
  • 48
    View loans »
    Ecuador Loans Fundraising
  • $24,300,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Fredy Jacinto to buy a showcase, stove and fridge for restaurant.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 8, 2010
Listed
Jan 10, 2011
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2012