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Maria Jose
Maria Jose, who is only 23, has a store located in her home in the city of Quevedo. As she is single, she lives with her parents. She is already studying at the university. She started this store with some capital that her father gave her, and she decided to invest it buying confectionery products. Later, studying her neighborhood, she started offering cellular re-charge services. After some time, and seeing that her business was getting good results, her parents supported her in opening up a store in front of the house. Now her business sells stationery goods, juices, and general merchandise. She feels that at her age, she is on a good path to keep her business stable, which is helping her pay for her university expenses. At this time she has no plans to get married, because she wants to finish at the university, and she spends her free time working in the business. Her store is open from 7am until 7 in the evening, and her sister helps her during the afternoon hours. Maria Jose is requesting a loan for the first time in her life, and she is certain she can make her payments on time. She has taken this decision with the goal of expanding her business, so that in the future she can add an internet station to her store.
View original language description ↓
Maria José con solo 23 años tiene una tienda ubicada en su domicilio en la ciudad de Quevedo. Como es soltera vive con sus padres ya que está estudiando la universidad. El negocio lo inicio con un capital que le dio su papa el cual decidió invertir comprando productos de confitería, luego estudiando su barrio ofreció del servicio de recargas celulares. Pasando un tiempo y viendo que le estaba resultado el negocio sus padres la apoyaron para abrir un local en la parte delantera de la casa. Ahora en su negocio ofrece papelería, jugos, artículos de bazar etc. siente que a su edad va por buen camino manteniendo un negocio estable el cual le ayuda en sus gastos universitarios. De momento no tiene pensado casarse ya que desea terminar la universidad y el tiempo libre lo ocupa en la atención del negocio. Abre desde las 7 de mañana hasta las 7 de la noche y su hermana le ayuda en el horario de la tarde. Maria José va a solicitar el primer crédito en su vida y tiene la seguridad de que cancelara puntual sus cuotas. A tomado esta decisión con el fin de incrementar su negocio para poder a futuro poner un cyber.

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
  • 100
    View loans »
    Ecuador Loans Fundraising
  • $24,143,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $850 helped Maria Jose to buy stationery items, juices, general merchandise and sweets.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2012
Listed
Jul 4, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 18, 2013