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Victor Manuel
Victor lives in the town of Milagros on a small farm belonging to his parents. He has run the family business for several years. He has a family of his own now so works even harder. Victor sells firewood and charcoal as the farm has a lot of trees planted by many generations of the family.

His wife helps him with the business as he is sometimes busy cutting the wood, a long and strenuous job because he doesn't own any machinery. Victor works every day; this doesn't bother him as he is accustomed to hard work. His biggest problem is the lack of transportation to deliver the wood and charcoal when his customers have given him orders.

A few months ago he realized that the place where he makes the charcoal was small and he was rapidly running out of wood. With the loan he plans to renovate the place and also buy some more trees to make firewood.

His dream is to help his wife to save enough money so that she can start her own business.
View original language description ↓
Víctor vive en la ciudad de Milagros en una pequeña finca propiedad de sus padres, el negocio al que se dedica proviene desde hace varios años ya que es un negocio familiar. Hace poco formo su familia por lo que se dedica con más esfuerzo a su trabajo. El se dedica a la venta de leña y carbón ya que su finca tiene gran cantidad de arboles los cuales han sido plantados por varias de sus generaciones. En la atención le ayuda su esposa ya que a veces él se encuentra cortando la leña, lo cual es un proceso muy largo y pesado, esto es porque Víctor no tiene maquinaria. Trabaja todo el día esto no se le complica porque está acostumbrado al trabajo pesado, su mayor problema es la falta de transporte el cual necesita para entregar la leña y el carbón cuando tiene los pedidos. Hace varios meses se dio cuenta que el lugar donde hace el carbón es pequeño por eso se le agota rápidamente, con el crédito que solicita va adecuar el lugar, también invertirá en arboles para la leña. Su sueño a futuro es poderle ayudar a su esposa a reunir un capital para que pueda empezar su propio negocio.

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
  • 16
    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 $750 helped Victor Manuel with his firewood and charcoal business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 4, 2012
Listed
Aug 11, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 20, 2013