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Rosario Del Carmen
Rosario lives in Quevedo with her husband who works in the field. At 46 years old, she is a breadmaker; she learned the business from her husband, who taught her. Seven years ago they saved enough money and opened the bakery, which is located in their home. When they started out, they bought a secondhand oven, but currently have a new one. She starts making bread with her husband’s help at 3am and finishes at 2pm, but then the selling begins. Rosario tells us that they give work to a few young people who go around their area to sell.That way, they improve their sales without having to wait for customers; this has proven very useful and generates more earnings. With the loan she is requesting, she’ll buy a glass showcase, flour, yeast and eggs to make bread. In the future, she’d like to renovate the bakery by adding cement walls to improve how it looks and buy a kneading machine to help in the elaboration of the bread.
View original language description ↓
Rosario vive en Quevedo junto a su esposo quien labora en el campo. A sus 46 años es panificadora, aprendió el negocio de su esposo quien le enseño la elaboración. Hace 7 años juntos reunieron el capital necesario para abrir la panadería la cual está ubicada en su domicilio. Comenzaron comprando un horno de segunda mano pero actualmente tienen uno nuevo. Ella empieza la elaboración del pan desde las 3 de la mañana con la ayuda de su esposo y termina a las 2 de la tarde, luego de eso empieza la venta. Rosario nos indica que les da trabajo a varios jóvenes para que recorran la zona. De esa manera mejoran sus ventas que esperando a los clientes, este método le resulta muy útil y de mas ganancias. Con el préstamo espera comprar una vitrina, harina, levadura y huevos necesarios para la elaboración del producto. A futuro le gustaría arreglar la panadería con paredes de cemento mejorando así su aspecto, también una amasadora de pan para ayudar en la elaboración.

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
  • 41
    View loans »
    Ecuador Loans Fundraising
  • $23,087,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Rosario Del Carmen buy flour, yeast and eggs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2012
Listed
Jun 8, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 18, 2013