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Mercy Andrea
Mercy is an enterprising young woman 18 years old. She lives in the Isla Trinitaria suburb of Guayaquil, which is one the the few that has all of the basic services. The house where she lives is owned by her parents, as is her business premises. Since she was young she has lived in the business world, starting with her parents who had a pharmacy. For unknown reasons her parents liquidated the business and thus she proposed opening her own business. Mercy has a diaper store located in her parents' former business premises. She decided on this business as she had knowledge of the products after having worked in this type of business. She is very happy because with this business she can pay for her university studies. She works every day from 7 in the morning until 10 at night. In her store she sells diapers at 12 for $1.25, stewed fruit for $1.00, diapers at 48 for $12.40, and also baby clothes, toys, baby bottles and other things. Between laughs she tells us that it is going well because a baby is born every day and so her business never declines. She is currently single and does not plan to have children before finishing her studies. With the loan Mercy will buy walkers, a display case and baby food in order to have merchandise. In future she would like to have a pharmacy, as she is studying medicine.
View original language description ↓
Mercy es una joven de 18 años emprendedora. Viven en la Isla Trinitaria sector sur-urbano de Guayaquil siendo este uno de los pocos que cuentan con todos los servicios básicos. La casa donde vive es de sus padres, así como también el local que tiene. Desde pequeña a vivido en el mundo de los negocios empezando por sus padres quienes tenía una farmacia. Por motivos que desconocen sus padres liquidaron el local y fue entonces que se propuso empezar un negocio propio. Mercy tiene una pañalera ubicada en el antiguo negocio de sus padres, se decidió por esto ya que tenia conocimientos sobre la actividad producto de haber trabajado en una. Está muy contenta porque con esto puede pagarse los estudios universitarios. Atiende todos los días desde las 7 de la mañana hasta las 10 de la noche. En su local vende pañales x 12 unidades a $ 1.25 compotas a $ 1.00 pañales x48 a $ 12.40 también ropita de bebe, juguetes, biberones y demás. Entre risas nos comenta que le va bien porque todos los días nace un niño y por ende su negocio no decae. De momento está soltera y no piensa en tener niños hasta terminar sus estudios. Con el préstamo Mercy va a comprar andadores, una vitrina y compotas para tener mercadería. En un futuro le gustaría tener una farmacia ya que está estudiando medicina.

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
  • 101
    View loans »
    Ecuador Loans Fundraising
  • $24,212,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Mercy Andrea to buy walkers, a display case and baby food.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2012
Listed
Jun 7, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013