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Francisco Gonzalo
Francisco lives in Montecristi, a city close to Manta. He is 37 years old and is married to Maria, who is a housewife. They have three children who are 14, 11 and 7 years old, all of whom are attending government run schools.

Francisco has a small business, making buttons from tagua seeds. Before he was working in construction as a laborer, but he realized this business would be more beneficial. He started the business because a neighbor had a similar business that was going well, he researched and found out that the product has a high value in other countries. He has had his business for ten years now, with various machines and a workspace for production. He now manages a portfolio of clients and providers. He has two employees who work in production from 7 a.m. until 5 p.m. His wife, Maria, also helps in her free time. His main clients are clothing workshops where they make pants and shirts for export. He remembers when he first started his business, that he never would have imagined how far he has come, that it has become his principal form of income and that he is able to give work to others that need it.

The loan that he has requested is to buy bags of tagua seeds for production. His goal for the future is to buy more machines so that he can increase his production of buttons.
View original language description ↓
Francisco vive en Montecristi ciudad cercana a Manta. Tiene 37 años y está casado con Maria quien es ama de casa. Tienen 3 hijos de 14, 11 y 7 años de edad quienes asisten a los establecimientos educativos del gobierno. Francisco tiene una pequeña microempresa de producción de botones de tagua, antes se dedicaba a la construcción como obrero pero se dio cuenta que este negocio le generaba mejores beneficios. Empezó el negocio porque un vecino la realiza y le iba bien, busco información dándose cuenta que el producto en otros países es muy apreciado. Tiene 10 años en el negocio contando con varias maquinas y el espacio adecuado para la producción. Ahora maneja una cartera de clientes y proveedores siendo así que tiene 2 ayudantes para la producción quienes trabajan de 7 de la mañana hasta las 5 de la tarde, su esposa Maria también le ayuda en sus ratos libres. Sus principales cliente son los talleres que confeccionan pantalones y camisas para la exportación. Recuerda cuando recién empezó y nunca imagino lo lejos que llegaría en su negocio tanto como para ser su principal fuente de ingresos y poder dar trabajo a personas que lo necesitan. El préstamo que solicita es para comprar pepas de tagua por sacos para la producción. Su meta a futura es comprar otras maquinas para poder producir más botones.

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
  • 21
    View loans »
    Ecuador Loans Fundraising
  • $22,592,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Francisco Gonzalo to buy bags of tagua seeds to manufacture buttons.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2012
Listed
Jul 3, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 18, 2013