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Fausto Reinaldo
Fausto is a 49-year-old man who has a great desire to boost his business over the next few years.

Fausto's business is selling fruit, fish and seafood. He bought a small truck that he uses to distribute his products. This is how he currently carries out his business. He works alone all day long and doesn't experience any problems. Fausto is married and has one daughter. His biggest dream is to improve his home. He would like this loan to buy cement, sand and blocks so that he can improve his home and provide his daughter with a better future.
View original language description ↓
Fausto es un hombre de 49 años de edad y tiene muchas aspiraciones en los próximos años de prosperar su comercio su historia empezó con el mercado de frutas pescado y mariscos ya que se había comprado una camioneta con la que distribuye su producto actualmente se maneja de esta forma para el comercio, su trabajo lo realiza solo todo el día, no tiene dificultades, está casado, tiene 1 hija, su sueño más importante es mejorar su vivienda. Por eso quiere el préstamo para su comprar cemento, arena, bloques y asi mejorar su vivienda para darle un mejor futuro a sus hijos.

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

  • $10,200
    Average annual income
  • 34
    View loans »
    Ecuador Loans Fundraising
  • $23,216,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Fausto Reinaldo to buy cement, sand and blocks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2012
Listed
Mar 7, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013