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Marcelino Federico
Marcelino is 47 years old and is a hardworking man with many projections for his business, as he drives a mototaxi (a mode of transportation used by people to transport their merchandise). Every day he travels the streets of El Fortin, charging 25 U.S. cents per person.

He has increased his working capital little by little through extensive and dangerous travel, as El Fortin is a periurban area with dirt roads and steep hills. He works every day from 7:30am to 4:30pm. He has many hopes for his mototaxi, which is why he wants to continue working to provide his family with greater financial stability. For this reason, he wants a loan to buy cement, rods, and blocks to make housing improvements.

View original language description ↓
Marcelino de 47 años, es un hombre trabajador que tiene muchas proyecciones con su trabajo diario ya que conduce una mototaxi (medio de transporte que utiliza la gente para trasladar su mercadería). Todos los días recorre las calles del “Fortin” dando una tarifa en su recorrido de $ 0.25 por persona.

Poco a poco ha incrementado su capital de trabajo con recorrido extenso y peligroso ya que el “Fortin” es una zona periurbana con caminos de tierra y montañas empinadas. Trabaja desde las 07h30 hasta las 16h30 todos los días. Tiene muchas esperanza con su moto taxi por eso quiere seguir trabajando para darle más estabilidad económica a su familia. Para ello quiere un préstamo y comprar cemento, varillas, bloques y mejorar así 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
  • 101
    View loans »
    Ecuador Loans Fundraising
  • $25,071,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Marcelino Federico to buy cement, rods and blocks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 11, 2011
Aug 15, 2011
Currency Exchange Loss:
Aug 15, 2012