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Edison Gustavo
Edison is twenty-seven years old, and lives with his family in Los Vergeles, an urban region north of the city. Edison has been a mechanic for ten years. He learned his trade when he was very young since he liked to work and earn his own money. When he got married and took on responsibilities he decided to open his own repair shop. His business is located on the patio of his house, where he works every day from eight in the morning until six in the evening. He has very little free time and is wasting his effort because he lacks equipment. He would like to remedy this situation, which is why he is requesting a loan. In the future, he would like to be able to purchase an automobile to start a taxi service and improve his finances.
View original language description ↓
Edison de 27 años vive con su familia en los Vergeles sector urbano que pertenece al norte de la ciudad. Edison es mecánico desde hace 10 años, aprendió esta actividad desde que era muy joven ya que le gustaba trabajar ganando su propio dinero, cuando se caso y adquirió responsabilidades decidió comenzar su taller. El negocio funciona en el patio de su casa realizándolo todos los días desde las 8 de la mañana hasta las 6 de la tarde. Tiene poco tiempo de independiente por lo que la falta de maquinarias está perjudicando su atención eso es lo que desea mejorar y por lo que está solicitando el crédito. A futuro le gustaría poder comprar un automóvil para dar servicio de taxis 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
  • 15
    View loans »
    Ecuador Loans Fundraising
  • $22,607,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Edison Gustavo to purchase equipment and tools.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2012
Listed
Aug 4, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 25, 2013