Update on Pedro IbarPedro 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.
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 DetailsPedro 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 »
About Banco D-MIROBanco 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Oct 24, 2011
- Nov 23, 2011
- Currency Exchange Loss:
- Nov 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.