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Cesar Xavier
Cesar lives in La Libertad. At 48 years old he supports his family with two jobs.

His main source of income is a taxi as he is a professional driver. Originally he had an informal taxi but as his business was going well he decided to join a taxi cooperative. At first it wasn't easy because acquiring a license plate is a long a long and costly process, but with effort he did it. He drives the taxi without any problems now and he hopes to avoid them in the future.

He also runs a store which is located in his home and he spends his time between the two businesses. It's easy as he goes out in his taxi during the hours of peak demand which are the mornings and evenings. He is married to Rosa who is housewife and in her free time she helps out with the store. They have one child who goes to the public school close to their home.

He will use the loan mainly to purchase inventory for the store like rice, sugar, flour, and other various items. He will also buy a roll-up door for the store in order to improve security. In the future he hope to make a better income for his family and in that way improve their finances.
View original language description ↓
Cesar vive en La Libertad a sus 48 años mantiene a su familia con dos trabajos. Su principal fuente de ingreso es un taxi ya que es chofer profesional, en un principio tenía un taxi informal al irle bien en el negocio decidió ingresar a una cooperativa. Al principio no fue muy fácil ya que la adquisición de la placa es un proceso largo y costoso pero con un poco de esfuerzo lo realizo. El taxi lo maneja el sin problema alguno de momento y espero no tenerlos a futuro. También maneja una tienda la cual está ubicada en su domicilio y el tiempo lo comparte en ambas actividades. Es fácil ya que en su taxi sale en horas de mayor demanda que son mañana y noche. Está casada con Rosa quien es ama de casa y en sus tiempos libre le ayuda en la tienda. Tienen 1 hijo quien estudia en la escuela fiscal cerca de su domicilio. El préstamo lo va a utilizar principalmente comprando inventario para la tienda en arroz, azúcar, harina, artículos varios, también comprar una puerta enrollable para la tienda con el fin de mejorar la seguridad. En el futuro desea tener mayores ingresos para su familia y así mejorar su economía.

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
  • 32
    View loans »
    Ecuador Loans Fundraising
  • $23,448,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,075 helped Cesar Xavier to buy rice, sugar, flour and other various items.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2012
Listed
Jun 3, 2012
Currency Exchange Loss:
N/A
Expired:
Jul 3, 2012