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Victor Hugo
Victor is a single young man who is 18 years of age. He lives in Portoviejo with his parents. Victor says that he has enjoyed working ever since he was 14. He began helping out at his aunt's business because he had many expenses but no way to pay for them. Now that he is an adult, he started an independent business selling grains at retail. He travels by himself to different neighborhoods Monday through Saturday without a set schedule. His current difficulties include dealing with his customers who are unemployed and not able to pay for their merchandise.


With this loan, Victor will buy more rice to sell so that he can increase his business. His dream, although ambitious, is to expand his business to the point that he can create jobs in his city. Victor is a young entrepreneur who hopes to fulfill his dreams. He deserves the best of luck.

View original language description ↓
Víctor es un joven soltero de 18 años. Vive en Portoviejo con sus padres. Víctor nos cuenta que desde los 14 años le ha gustado trabajar, empezó ayudando en el negocio de su tía ya que tenía muchos gastos y no tenia como solventarlos. Ahora que ya es mayor de edad emprendió la venta de granos al por menor de manera independiente, lo realiza solo recorriendo varios sectores de lunes a sábado sin horario establecido. La dificultas que se le presenta en la actualidad es que sus clientes se queden sin trabajo y no le puedan cancelar la mercadería. Con el préstamo comprara mas arroz para la venta con esto incrementar su negocio. Su sueño aunque ambicioso es agrandar su negocio de tal manera que pueda generar fuente de trabajo en su ciudad. Víctor eres un joven emprendedor esperamos que tus sueños se cumplan, suerte.

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
  • 33
    View loans »
    Ecuador Loans Fundraising
  • $23,467,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Victor Hugo to buy rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2012
Listed
May 14, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013