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Erika Monserrate
Erika started her business selling costume jewelry thanks to her mother, whom she accompanied when she was selling. She really liked sales, and as the years went by, she gained skill and experience. Now, at 19, she feels ready to take another step in her life: to be independent.

Her business is located in downtown Manta, where she rents a small shop. She runs it with a person she has hired to help her. She opens from 5:00am until 7:00pm. She feels very happy, as at her age she has achieved a personal success that is very satisfying.

Erika tells us that she is single at the moment, and has a little girl, just two years old. Her mother looks after the baby when she is working. With the loan, she will buy costume jewelry to sell, hoping to increase her sales. Her great dream is to have her own home, in order to not keep living with her parents, and this way feel more at ease, together with her child.
View original language description ↓
Erika empezó su negocio de venta de bisutería gracias a su mamá a quien acompañaba en sus ventas. Le gusto mucho las ventas y con los años fue ganando destreza y experiencia. Ahora a sus 19 años se siente preparada para dar otro paso más en su vida, ser independiente. Su negocio está ubicado en el centro de Manta donde alquila un pequeño local. Lo atiende ella junto a una persona contratada para que la ayude, abre desde las 5 de la mañana hasta las 7 de la noche. Se siente muy feliz ya que a su edad a logrado un éxito personal que lo tiene muy satisfecha. Erika nos cuenta que de momento está soltera y tiene una niña de 2 añitos. El bebe se lo cuida su mama cuando se encuentra trabajando. Con el crédito comprara bisutería para la venta esperando incrementar sus ventas. Su gran sueño es tener su propia casa para dejar de vivir donde sus padres y así sentirse más tranquila junto a su hijo.

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
  • 85
    View loans »
    Ecuador Loans Fundraising
  • $25,054,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Erika Monserrate to buy costume jewelry.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Apr 28, 2012
Jun 4, 2012
Currency Exchange Loss:
May 17, 2013