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Carmen Mercedes

Update on Carmen Mercedes

Despite being a single mother, Carmen is a hardworking woman who has been able to get ahead with help of God. With her previous loan she was able to restock and increase her business, but not as much as she expected.

She is now requesting a new loan so that she can invest more into her business. In addition, Carmen wants to buy a shop so that she can expand her business.

Her dream is to finish the construction of her house 100%.

View original language description ↓
Carmen, una señora trabajadora que a pesar de ser madre soltera ha podido salir adelante con la ayuda de Dios.
Con el préstamo anterior ha podido surtir su negocio e incrementarlo pero no tanto como ella esperaba.
Ahora ella solicita un nuevo préstamo para invertir más en su negocio, además ella quisiera comprar un local en donde podría expandir su negocio.
Su sueño es poder terminar su casa pero al 100%.

Previous Loan Details

Carmen, 28, has a small stationery shop in the front part of her house. She lives in Primavera de Duran (a periurban area with disintegrating surroundings) in the outskirts of Guayaquil. She started three years ago because she always wanted to have her own business but hadn’t had the opportun... More from Carmen Mercedes'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 Ecuador

  • $10,600
    Average annual income
  • 90
    View loans »
    Ecuador Loans Fundraising
  • $25,057,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Carmen Mercedes to buy more inventory for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 11, 2011
Oct 21, 2011
Currency Exchange Loss:
Nov 15, 2012
This photo was used before for a previous loan for Carmen Mercedes. It was first posted on Kiva on Oct, 2010. Learn More