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Monica Rosario
Mónica is a 42-year-old merchant living in the city of Milagros. She lives in her own home, which she purchased 6 years ago. She has all of the basic utilities in her home. Her house serves as a storage space for her merchandise, since every day she goes to her stall located in the city center to sell her goods.

She says that she is used to this type of work since she started doing it at age 18. However, she worked in many different areas until she was able to have her permanent location. She works seven days a week without rest because she is a single mother and needs to cover her basic necessities. In her store she sells shirts, blouses, unisex pants, shorts and underwear. She buys these wholesale and resells them to consumers.

As her store location is outdoors, the winters are problematic since the rains flood the streets and cause deterioration. She will use the loan proceeds to purchase clothes for resale. She hopes to be able to put together enough capital to have a store based in her home.
View original language description ↓
En la ciudad de Milagros vive Mónica, tiene 42 años y se dedica al comercio. Vive en una casa de su propiedad la cual adquirió hace 6 años y cuenta con todos los servicios básicos. La casa le sirve como bodega ya que ella vende la mercadería en un puesto fijo ubicado en el centro donde todos los días pone su negocio. Mónica indica estar habituada a esta forma de trabajo ya que empezó a los 18 años pero lo hacía recorriendo diversos sectores hasta que consiguió un puesto fijo. Trabaja de lunes a domingos sin descanso porque es madre soltera y necesita cubrir sus necesidades. En su puesto vende pantalones unisex, camisas, pantalonetas, blusas, interiores, todo lo compra en serie al mayor y vende unitariamente. Como el puesto de Mónica es informal el problema se le presenta en la época de invierno donde las lluvias enlodan las calles y las deterioran. El préstamo lo utilizara para la compra de ropa para la venta, ella espera poder reunir algo de capital para abrir un local en su domicilio.

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
  • 73
    View loans »
    Ecuador Loans Fundraising
  • $24,585,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $1,025 helped Monica Rosario to buy shirts, blouses, unisex pants, and shorts.
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 15, 2012
Jul 3, 2012
Currency Exchange Loss:
Aug 2, 2012