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Nelson Lorenzo
Nelson is 34 years old, and he lives in Libertad. He is married and has five children. Consequently, his wife devotes herself to their care. The house where Nelson lives is his own, and it is made of brick. They do have water and electrical services.

He makes bricks. He started this business activity because it has few expenses. Also, he learned how to do this when he worked in a quarry. Nelson comments that this work is difficult in regards to physical strength. You need to be in good shape and good health in order to give 100% to the production.

He has worked in the business for several years, but this will be his first loan. He hopes to get the loan in order to buy clay, which is the raw material used to make the blocks.

Nelson’s greatest fear about his work is the development of illnesses. This is because the dust becomes an enemy of the lungs. He hopes he does not suffer from any type of respiratory illness.

His biggest dream is to have a larger quarry with which he could increase production and be able to distribute to different places. This way his finances would improve.
View original language description ↓
Nelson tiene 34 años de edad y vive en Libertad, está casado y tiene 5 hijos por lo que su esposo se dedica a su cuidado. La casa donde vive Nelson es de su propiedad construida de ladrillo y cuenta con los servicios de agua y luz. El se dedica a la elaboración de ladrillos, inicio esta actividad porque demanda pocos gastos y la había aprendido cuando trabajo en una cantera. Nelson comenta que este trabajo es difícil en cuanto a fuerza física, se necesita estar en forma y buena salud para dar el 100 % en la producción. Tiene varios años trabajando en el negocio pero este será su primer crédito el cual espera conseguir ya que va a comprar la arcilla la cual es la materia prima para la creación de los bloques. El mayor temor de Nelson por el trabajo que desarrolla es las enfermedades ya que el polvo se convierte en un enemigo para sus pulmones, espera no sufrir ningún tipo de enfermedades respiratorias. Su mayor sueño es tener una cantera más grande con la cual aumentaría la producción y podría distribuir a diversos lugares de tal manera que su económica mejore.

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
  • 94
    View loans »
    Ecuador Loans Fundraising
  • $24,212,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Nelson Lorenzo to buy clay.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2012
Listed
Jul 18, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2013