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Angel Eduardo
Angel, 57, lives in the urban area called Guasmo (named after the plant species Guazuma ulmifolia. Guasmo is a popular, modest class neighborhood which used to be a ranch) in Guayaquil. His wife helps with his transporation service which is school transportation.

He started his business, through friends, some time ago and was able to get contracts with schools. He has an average of 30 students and charges $30 per student. He plans to use the loan to renew his vehicles by buying new tires at a cost of $80 each, for transportation safety purposes. In the future he would like to buy another van so he can add another school to his transportation service.
View original language description ↓
Angel de 57 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 esposa le ayuda en el expreso , su actividad es hacer expreso escolar.

Comenzó hace un tiempo atrás por medio de sus amistades logro sacar un cupo en los colegios para realizar expresos escolares. Tiene un por medio de 30 alumnos y cobra a $ 30 a cada uno. Con la ayuda del préstamo quiere renovar su vehículos comprando llantas nueva que cuesta $80 cada para mayor seguridad en el transporte. En un futuro dese comprarse otro expreso ya que puede conseguir otro cupo en otro colegio para servicios de expreso.

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
  • 41
    View loans »
    Ecuador Loans Fundraising
  • $23,483,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Angel Eduardo to buy new tires for his vehicle.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2011
Listed
Jun 25, 2011
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2012