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Luis Armando
Luis is 29 years old and lives in Libertad with his family. His wife is a housewife and cares for their two children. Luis works in small-scale fishing. He learned the work from his in-laws when he married. He began as an assistant to the fishermen in the family business. With the passing of the years he acquired skill. At this time he does not have his own fiber boat, so he uses his in-laws' boat, in this way doing his daily work. The working schedule that he keeps is from the afternoons, when they go out on the open sea, until dawn, when they return with the product of their fishing to sell. For the most part, the products are shrimp, lobster, and fish, which he sells by the crate to the restaurants and by the pound to the retail trade. His greatest difficulty is the pirates who steal motors as well as fishing equipment and the product. Luis comments that one of his greatest worries is being stranded on the open sea. With the loan, he will buy nets and casting nets and make some improvements on the boat, since the salt has deteriorated it. Luis's dream for the future is to be able to have his own boat.
View original language description ↓
Luis tiene 29 años y vive en la Libertad junto a su familia, su esposa es ama de casa y cuida de sus 2 hijos. Luis se dedica a la pesca artesanal trabajo que aprendió por sus suegros al casarse, empezó como ayudante de los pescadores en el negocio familiar, con el pasar los años fue adquiriendo destreza. De momento no cuenta con una embarcación de fibra propia por lo que utiliza la de sus suegros realizando de esta manera su labor diario. El horario de trabajo que mantiene es desde las tardes cuando salen alta mar hasta la madruga que regresa con l producto de pesca para su venta. Los productos en su mayoría son camarones, langosta y pescado los cuales vende por gaveta para los restaurant y por libra para el comercio minorista. Su mayor dificultad son los piratas quienes roban tanto motores como implementos de la pesca y los productos, Luis comenta que una de sus mayores preocupaciones es quedarse varado en alta mar. Con el crédito comprara redes, atarrayas y hacer algunas adecuaciones a la embarcación ya que el salitre las deteriora. El sueño de Luis a futuro es poder tener su propia embarcación.

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
  • 46
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $975 helped Luis Armando to buy nets and casting nets.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 12, 2012
Jul 18, 2012
Currency Exchange Loss:
Jul 17, 2013