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Teofilo Joffre
Teofilo, age 33, is married and has three children. He lives in the sector known as El Fortín. Nelly, his wife, is a housewife. His children are 8, 9, and 11 years old, and they attend the public school.

He is a pharmacologist by profession, but he has his own business. In 1995 he started to make shampoo that he sells at his house. He started the store a year ago. His work schedule is from six in the morning until eight at night. His wife helps him with the store.

In his business he sells basic needs items like rice, sugar, notebooks, pencils, and chemicals, etc. Teofilo tells us that he does not have any major difficulties. However, during the winter the streets get damaged, and that complicates transportation.

This is his fifth loan. He will use it to expand his business by purchasing rice, sugar, oil, and notebooks, etc. In the coming years he would like his business to grow more.
View original language description ↓
Teofilo tiene 33 años, es casado y tiene 3 hijos. Vive en el sector conocido como el Fortín. Nelly su esposa es ama de casa. Sus hijos tienen 8, 9 y 11 años de edad y estudian en la escuela fiscal. Su profesión es farmacólogo pero tiene su negocio propio. Desde 1995 comenzó a hacer shampo que vende en su casa, hace un año inicio la tienda y bazar. Su horario de trabajo es desde las 6 de la mañana hasta las 8 de la tarde contando con la ayuda de su esposa en la atención. En su negocio vende artículos de primera necesidad como arroz, azúcar, cuadernos, lápices, químicos etc. Teofilo nos cuenta que mayores dificultades no tiene, pero en la época invernal las calles se dañan y complican el transporte. Este es su 5 crédito el cual lo va a invertir en aumentar su negocio comprando arroz, azúcar, aceite, cuadernos etc. En próximos años le gustaría que su negocio crezca más.

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
  • 21
    View loans »
    Ecuador Loans Fundraising
  • $22,604,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Teofilo Joffre to buy rice, sugar, and notebooks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 2, 2012
Listed
May 10, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 18, 2013