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Jorge Washington
Jorge is a supplier of small domestic gas tanks in Libertad. He began this business when he retired from the Navy where he rendered his services. It’s a job that always has customers and so he works every day from 8:30 in the morning until 6:00pm. He buys his orders from the large distributors and later sells them by unit, as the authorities suggest, buying the cylinders at $2.00 and selling at $2.50. He is requesting a loan in order to buy more cylinders to have on hand as there are some months that the products are scarce. In the future he hopes to be able to expand his house and make his stockroom larger.
View original language description ↓
Jorge tiene en Libertad una pequeña distribuidora de tanques de gas domésticos. Empezó el negocio cuando se jubilo de la marina donde prestaba sus servicios. Es un trabajo en el que siempre tiene clientes por lo que labora todos los días desde las 8:30 de la mañana hasta las 18:00 pm. La compra la solicita a las grandes distribuidoras para luego vender por unidad ya que así lo indican las autoridades, compra el cilindro a $ 2.00 y la vende a $ 2.50. El préstamo que está solicitando es para comprar más cilindros y tener en stop ya que hay meses que escasea el producto. A futuro espera poder ampliar su casa y hacer más grande su depósito.

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
  • 49
    View loans »
    Ecuador Loans Fundraising
  • $23,490,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Jorge Washington to buy gas cylinders.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2012
Listed
Aug 4, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 18, 2013