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Cesar Eduardo
Cesar was born 25 years ago in Montecristi. He is married and has 2 children. He tells us that his hometown is a busy tourist destination. Its landscapes and climate are very attractive. It is also known for being the place where the Parliament convenes, where the President and his cabinet make decisions for the future of the country. Other attractive features include the beaches and a great variety of food. Cesar started his business 2 years ago, not on his own but on the suggestion of a friend who was already versed in the trade. He makes and sells tagua nut buttons. In Ecuador, they are very common, but abroad, they are considered a great example of traditional handicraft and are very valuable. His operation consists of himself and a female employee, and they both make buttons from 7 am to 5 pm. His wife also helps when she is not at work or taking care of their children. The loan will be used to buy tagua nut, the raw material out of which he fashions buttons. His goal for the future is to buy machines to make products out of tagua nut.
View original language description ↓
Cesar nació hace 25 años en Montecristi. Está casado y tiene 2 hijos. Nos cuenta que su ciudad natal es muy visitado por el turismo. Sus paisajes y su clima son muy atrayentes. También es conocida por que aquí se encuentra ubicada la asamblea nacional donde el presidente se reúne con sus subalternos para la toma de decisiones en beneficio del país. Otros de sus atractivos con sus playas y la variedad de comida. Cesar inicio su negocio hace 2 años, no fue por iniciativa propia sino por la de un amigo que ya se dedicaba a esto. Su negocio es la fabricación y venta de botones de tagua. En el Ecuador no es muy llamativo pero el extranjero los botones de tagua son considerados una maravillosa artesanía y son muy costosos. En el negocio trabajan él y una empleada, quienes producen los botones desde las 7 am hasta las 5 pm. Su esposa también le ayuda cuando no está en su trabajo o atendiendo a sus hijos. El préstamo lo va a emplear en comprar la Pepa de tagua materia prima para su producción. Su meta futura es comprar maquinaria para la fabricación de productos hechos de tagua.

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 Ecuador

  • $10,200
    Average annual income
  • 39
    View loans »
    Ecuador Loans Fundraising
  • $23,419,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Cesar Eduardo buy tagua nut.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2012
Listed
Apr 20, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 18, 2013