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Maria Norma
Maria, 31, lives in Isla Trinitaria with her children in her parent's home. She sell drinks, a business she began 10 years ago as a street vendor. Over time and with urban redevelopment, she had the opportunity to buy from the city a small stand that included basic services. She personally manages the business and leaves one of her sisters in charge when she needs to attend to a business matter.

She offers natural fruit juices, milkshakes, and sandwiches at her stand, which is busiest in the mornings because her customers buy them for breakfast. Prices range from $0.50 to $1.50 for milkshakes. Her costs are not very high; therefore, her profits allow her to pay for her 8-year-old son's education. With this loan, Maria wants to buy a larger stand to operate along with the one she has now; the rest of the loan will be used to buy products like fruit, milk, sugar, and utensils needed for the business.
View original language description ↓
Maria vive en Isla Trinitaria, tiene 31 años y viven con sus hijos en la casa de sus padres. Se dedica a la venta de refrescos la cual empezó hace más de 10 años vendiendo de manera ambulante. Pasado un tiempo con la regeneración urbana tuvo la oportunidad de comprar un pequeño local que vende el municipio el cual cuenta con los servicios básicos. El negocio lo maneja personalmente y cuando necesita realizar alguna gestión deja a una de sus hermanas a cargo. En su local ofrece jugos de frutas naturales, batidos, sanduches, por lo general tiene más acogida en las mañanas ya que sus clientes compran para llevar de desayuno. Los costos van desde $ 0.50 ctv hasta $ 1.50 que cuestan los batidos. Los costos no son muy altos por lo que sus ganancias le permiten cubrir la educación de su hijo quien a los 8 años asiste a la escuela. Con el préstamo Maria desea comprar otro puesto más grande y continuar con el actual, la otra parte del crédito será para la compra de productos como frutas, leche, azúcar y utensilios que necesita para la venta.

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
  • 34
    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 $1,675 helped Maria Norma to buy fruit, milk, sugar, and utensils.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2012
Listed
Jul 6, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013