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Jorge Washington
Jorge, 49, lives in an urban zone in El Guasmo (named after a species of tree, Guazuma ulmifolia. El Guasmo is a popular, humble neighborhood that used to be a hacienda in Guayaquil). His house is cement and has all basic utilities. He has a car repair and metal working shop.

He started out as a shop assistant and then gradually bought some machinery and tools to open his own shop. He has an employee that helps him. He works from 8am until 6pm.

With help from the loan he wants to buy saws ($240), molding presses ($150) and assorted tools ($100) for his shop. In the future he wants to buy other machines to equip himself for the demand of work he has.
View original language description ↓
Jorge de 49 años, vive en una zona urbana en el Guasmo (fue nombrado así debido a la especie de árboles Guazuma ulmifolia. El Guasmo es un barrio popular, de clase humilde, que anteriormente era una hacienda) de Guayaquil, su casa es de cemento y si cuenta con todos los servicios básicos, tiene un taller de cerrajería y automotriz.

Comenzó como ayudante en un taller y luego empezó a comprarse poco a poco maquinas y herramientas para abrir su propio negocio. El labora junto con un empleado desde las 8H00 am a 18h00 pm. Con la ayuda del préstamo quiere comprar maquinas de cortar $240 planchas de moldear $150 herramientas varias $100 para mejorar su negocio. En un futuro quiere comprar otra maquinas para poder abastecerse con la demanda de trabajo que tiene.

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
  • 33
    View loans »
    Ecuador Loans Fundraising
  • $23,467,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Jorge Washington to buy saws, molding presses and tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2011
Listed
May 21, 2011
Currency Exchange Loss:
N/A
Ended:
May 15, 2012