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Magdalena Paula
Magdalena runs a grocery store in the city of Quevedo. She started this business because she saw there was no other such business in the area. She manages and looks after the business herself every day from very early in the morning. She sells essential items since she needs to ensure she makes sales. She sells, amongst other things, rice and sugar by the pound, general supplies, soft drinks, juices, canned foods and cleaning products.

She is not married but has a 12-year-old daughter who is her most important reason to continue fighting to get ahead. With the loan she will buy products to supply her business so that she can feel more secure and in this way she will be able to sell more and cover her costs and the loan.
View original language description ↓
Magdalena tiene en la ciudad de Quevedo una tienda de abarrotes la cual ella administra, la empezó cuando vio la necesidad de abrir este tipo de negocio porque no había en su sector. El negocio lo administra y lo atiende sola todos los días desde muy temprano, en el vende solo los productos de primera necesidad ya que así tiene asegurada sus ventas, entre ellos están el arroz y azúcar por libras, víveres, colas, jugos, enlatados, artículos de limpieza. Ella no está casada pero tiene una hija de 12 años quien es la razón más importante por la que ha luchado para salir adelante. Con el préstamo va a comprar productos para surtir su negocio y poder estar más tranquila ya que así venderá más y podrá cubrir sus gastos y el préstamo.

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
  • 19
    View loans »
    Ecuador Loans Fundraising
  • $22,541,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $875 helped Magdalena Paula amongst other things, rice and sugar by the pound, supplies, soft drinks, juices, canned products and cleaning products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2012
Listed
Aug 4, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013