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Jorge Luis

Update on Jorge Luis

With his previous loan Jorge has been able to build part of his house. He is a very honest man.

He is requesting a loan to be able to finish his house. Christmas is approaching, and his wife told him to do everything possible so that they are able to have a good day on this unforgettable date.

His dream is for the house to be finished.
View original language description ↓
Jorge, con el préstamo anterior ha podido construir una parte de su vivienda. El es un hombre muy honrado.

Es solicita un préstamo para poder acabar su vivienda, ya que se acerca la navidad y la esposa le dijo que hiciera todo lo posible para que puedan pasar bien esa fecha tan inolvidable.Su sueño es que su casa esté terminada.

Previous Loan Details

Jorge is 24 years old and lives in Primera de Duran (a semi-urban zone with a crumbling ecology on the outskirts of Guayaquil). He works providing a transport service in the morning and afternoon, but at night he works selling food in order to have another income. After arriving from his tran... More from Jorge Luis's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 52
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Jorge Luis to purchase cement and blocks.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2011
Listed
Oct 20, 2011
Currency Exchange Loss:
N/A
Ended:
Feb 20, 2013
This photo was used before for a previous loan for Jorge Luis. It was first posted on Kiva on Aug, 2010. Learn More