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Pedro Ibar

Update on Pedro Ibar

Pedro began in business with a locksmith's shop some 20 years ago. Then carrying out this business helped him open a new source of work, selling seafood. His wife and elder son help sell fish during the morning and Pedro works in his locksmith's shop afternoons.

Thank God, the business has had no problems with delinquency, although he lives in a dangerous barrio. With this loan Pedro wants to buy shell fish to sell in order to have more income from his new business.
View original language description ↓
Pedro empezo con un taller de cerrajeria hace 20 años atraz. Pero el desempeño de su negocio le ayudo a abrir una nueva fuente de trabajo vendiendo mariscos. Su espoza y su hijo mayor le ayuda por las mañanas en la venta de pescado y por la tarde se dedica a su taller de cerajeria.

El negocio gracias a Dios no ha tenido ningun problema con la delincuencia aunque vive en un barrio peligroso.Con el prestamo quiere comprar marisco para tener mas ingresos en su nuevo negocio

Su nueva meta por alcanzar es hacer la loza de la casa y que su negicio de venta de marisco y el taller de cerajeria crezca con la ayuda de Dios y su familia.

Previous Loan Details

Pedro is 54 years old. He lives in the Guasmo neighborhood of Guayaquil (a place where many businessmen work in the informal economy). He has operated a locksmith business from his house for 20 years. Pedro started the business all those years ago to support his family. He has worked ever... More from Pedro Ibar'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
  • 76
    View loans »
    Ecuador Loans Fundraising
  • $24,585,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $650 helped Pedro Ibar to buy shell fish to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 24, 2011
Nov 23, 2011
Currency Exchange Loss:
Nov 15, 2012
This photo was used before for a previous loan for Pedro Ibar. It was first posted on Kiva on Jul, 2010. Learn More