Luis used to live in La Sierra. His wife’s godfather had several bakeries in Guayaquil and offered him the opportunity to stay. Since then they live in Guayaquil (about 14 years approximately). The work is done by himself and his family. They start at 4pm and go until 9pm. One of the difficulties is robbers and the competition his store has in the market since he sells almost 900 pieces of bread daily.
He is married and his wife helps him in the business. He has three children who are 14, 12 and 2 years of age. The oldest has left high school and has not gone on to university.
He plans to use the loan to buy flour, eggs and lard. His goals are that the business prosper and he wants to set up an internet café and that his oldest son and two other children continue in school.
Luis vivía antes en la Sierra, el padrino de su esposa tenía varias panaderías en Guayaquil y le ofreció quedarse y desde entonces viven en Guayaquil (hace 14 años aproximadamente). Su trabajo lo realiza el y su familia. Empiezan desde las 4:00pm hasta las 9:00pm. Unas de sus dificultades son los ladrones, la competencia que existe en el mercado con respecto a la tienda, ya que en panes vende cerca de 900 diarios.
Está casado y su esposa también lo ayuda en el negocio y tiene 3 hijos 14, 12, 16 y 2 estudian pero el mayor ya se salió del colegio pero no sigue la universidad. Con el préstamo piensa comprar harina, huevos y manteca. Sus metas es que su negocio prospere, y desea poner un cyber y su hijo mayor y que sus 2 otros niños sigan estudiando.
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.