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Veronica Teresa
Verónica, age 42, is a micro-entrepreneur who works every day from 7am to 9pm. She started her business by selling sandals and clothes, but over time she increased her inventory of merchandise.

Now she sells ice cream and clothing from her mother’s house in order to earn more income and help with the family expenses. She sells ice cream for $0.25 and sandals for $12.00. Her husband helps with the household expenses by working as a taxi driver. Verónica has many aspirations for her business, but now she needs to remodel her home. She will use this loan to buy cement and blocks. In the future, she wants to build a better house.

View original language description ↓
Verónica de 42 años, es una microempresaria que trabaja desde las 07h00am hasta las 21h00pm todos los días. Comenzó su negocio vendiendo sandalias, ropa poco a poco fue incrementando la mercadería.

Ahora se dedica a vender helados y ropa en la casa de su mama para tener más ingresos y ayudar a los gastos familiares. Vende cada helado a $ 0.25 y sandalias a $ 12.00. Su esposo le ayuda en los gastos de la casa trabajando como taxista. Tiene muchas aspiraciones para su negocio pero por ahora quiere adecuar su vivienda comprando con el préstamo cemento, bloques. En el futuro quiere construir mejor su casa.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Ecuador

  • $10,600
    Average annual income
  • 70
    View loans »
    Ecuador Loans Fundraising
  • $24,619,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Veronica Teresa to purchase cement and blocks for home renovations.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 7, 2011
Mar 11, 2011
Currency Exchange Loss:
Feb 17, 2012