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Angelica Elizabeth
Angélica started her store 4 years ago, and she chose this line of business to be able to spend more time with her children while earning some money. She started her activity by selling from a window of her house until her husband decided to help her, seeing that the activity was profitable. She now has a locale in her house that she has set up by buying various racks, and she sells different products. She works there alone form 6 am to 10 pm, and this helps her keeping the customers she has because the majority if the other shops are closed at that time of night. Her husband is a day laborer in the “Montebello” market, one of the biggest markets in Guayaquil because it is the unloading point of every kind of products; it is her husband who buys rice and sugar by the quintal, pulses and other products, because prices there are lower. Angélica would like to obtain the loan because she is sure that through this means she will be able to buy more products and to improve her economy, something she is very concerned about as she has 3 young children who go to school and her biggest wish it to grant them a stable future.
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Angélica comenzo hace 4 años su tienda, se decidió por esta actividad porque queria pasar tiempo con sus hijos y ganar dinero, al principio vendia por la ventana de su casa hasta que su esposo se dio cuenta que tenia buena rentabilidad y le ayudo, actualmente tiene un local en su casa, compro varias perchas y tiene varios productos a la venta. Ella atiende sola desde las 6 de la mañana hasta las 10 de la noche, esto le ayuda a mantener a sus clientes porque a esa hora la mayoría de las tiendas están cerradas. Su esposo es jornalero en el mercado de Monte bello uno de los más grandes de Guayaquil ya que es el punto de desembarque de toda clase de productos, es él quien le compra arroz y azúcar por quintales, legumbres etc., ya que el costo es más bajo. Angélica desea obtener el crédito ya que está segura de que así podrá comprar más mercadería y mejorar su economía la cual le preocupa ya que tiene 3 niños que asisten a la escuela y su mayor deseo es poderle dar un futuro estable.

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
  • 45
    View loans »
    Ecuador Loans Fundraising
  • $23,096,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Angelica Elizabeth to buy rice, sugar and other products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2012
Listed
Aug 6, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013