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Hoover Euclides
Hoover is a head of household who was born in the beautiful ,green province of Esmeraldas in Ecuador. He is 40 years old and married to Aida. He currently lives in Guayaquil with his wife and three children. Aida works as a domestic employee and also sells products by catalogue. Their children go to the public school. Hoover tells us that he started his business out of the need to increase his income, since what he was making as an employee was not enough for the family. After several years, business is going quite well because he has clientele. It is a family business because he receives the help of his wife in her free time and that of his children.

The difficulties he runs into are the same ones his neighbors have: delinquency and unpaved streets, especially in the wintertime. With the loan he will increase his stock and buy notebooks, books, folders and cardboard. Over the next few years, and with a lot of work, he would like to expand his store and establish it in a better location to increase sales.
View original language description ↓
Hoover es un padre de familia que nació en la hermosa provincia verde del Ecuador, Esmeraldas. Tiene 40 años y está casado con Aida. Actualmente vive en Guayaquil con su esposa y 3 hijos. Aida trabaja como empleada domestica, también vende productos por catalogo. Sus hijos estudian en la escuela pública ya que están en etapa escolar. Hoover nos cuenta que su negocio lo empezó por la necesidad de mejorar sus ingresos ya que como trabajador no obtenía el dinero necesario para su familia. No le va mal ya que tiene varios años en el mercador con lo que cuenta con clientela. El negocio es familiar porque le ayuda su esposa en su tiempo libre y sus hijos. Como dificultades nos dice que tiene las de todo sus vecinos, la delincuencia, calles no asfaltadas sobre todo en la temporada invernal. Con el préstamo va aumentar su inventario con la compra de cuadernos, libros, carpetas, cartulinas. En próximos años y con esfuerzo le gustaría tener un local más grande y mejor ubicado para aumentar sus ventas.

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

  • $10,600
    Average annual income
  • 78
    View loans »
    Ecuador Loans Fundraising
  • $25,019,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Hoover Euclides to buy notebooks, books, folders, and cardboard.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 3, 2012
May 11, 2012
Currency Exchange Loss:
Jun 18, 2013