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Rene Paul
René has enjoyed working since he was ten-years-old, and for this reason her has started his own activity selling cakes traveling around the sectors of Portoviejo, his native soil. He started selling a few products, and his inventory has been growing little by little with the increase in the number of customers. He travels around the sectors all day long, Mondays to Fridays. René sells less in winter, as the weather does not help him selling his products, as well as during school holidays, because schools are a great market for him. He charges $ 0.15 for one cake and $ 1.80 for a packet. He is happily married with Maria Isabel, who creates Styrofoam items for children’s parties, and their daughter who foes to kindergarten. The loan he is requesting will be used to buy cakes and water to sell. In the future he would like to own and run a bigger shop in order to create jobs and to increase his income.
View original language description ↓
A René le ha gustado desde los 10 años trabajar por lo que empezó su propio negocio vendiendo bolos recorriendo los sectores de su tierra natal Portoviejo. Empezó con poco inventario y poco a poco ha ido creciendo por el aumento de clientes, los recorridos los realiza de lunes a viernes todo el día. Para René la época más baja del año es el invierno ya que el clima no ayuda en la venta de su mercadería, también las vacaciones escolares porque ese es uno de sus mejores mercados. Los bolos los vende por unidad a un costo de $ 0.15 ctv., y por paquete a $ 1.80. El vive en feliz unión con Maria Isabel quien realiza trabajos para fiestas infantiles en fomix y su hija quien asiste al jardín de infantes. Con el préstamo que está solicitando comprara bolos y agua para la venta. Le gustaría a futuro poder tener un negocio más amplio para poder dar empleo y mejorar su economía.

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
  • 46
    View loans »
    Ecuador Loans Fundraising
  • $23,225,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $650 helped Rene Paul to buy cakes and water.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2012
Listed
Jul 19, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 20, 2013