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Ricardo Elias
Ricardo has an uncommon business that yields good results. He has a nursery in his house where he himself tends to his plants. He began his business a while ago with a small garden. He has always enjoyed plants, and when his relatives helped him, he started his business. He sells his plants at both wholesale and retail prices. What he enjoys most is caring for the plants. As a result, it does not feel like work for him as much as a hobby. His is a family business since every member of his family is involved. This is beneficial since everything is cared for better. One of his greatest fears is that his plants will succumb to blight and die, which would cause him to lose the capital he has invested. He will invest the loan he is requesting by purchasing seeds, flower pots, and palms, as well as by making the improvements he wants to make to his nursery to make it more productive. His dream is to be able to expand his business, open another site in the future, and be able to generate greater sources of income.
View original language description ↓
Ricardo tiene un negocio poco común pero con buenos resultados, en su domicilio tiene un vivero donde el mismo cuida de sus plantas. Comenzó el negocio hace tiempo con un pequeño jardín, siempre le han gustado las plantas y cuando sus familiares le apoyaron inicio su negocio. Las plantas las comercializa por mayor o menor pero lo que más le gusta es cuidar de ellas por eso no lo considera un trabajo sino un pasatiempo. El negocio es familiar ya que están involucrados todos los miembros de su familia la cual es favorable ya que se tiene mayor cuidado. Uno de sus más grandes temores es que le caigan plagas a sus plantas y mueran ya que perdería el capital invertido. El préstamo que solicita lo invertirá en la compra de semillas, maceteros, palmas y adecuaciones que le quiere realizar al vivero para hacerlo más productivo. Su sueño es poder agrandar el negocio, abrir a futuro otro y poder generar mayores fuentes de ingresos.

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

  • $10,600
    Average annual income
  • 98
    View loans »
    Ecuador Loans Fundraising
  • $25,071,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,525 helped Ricardo Elias to purchase seed, flower pots, and palms, as well as to make improvements.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jul 5, 2012
Aug 12, 2012
Currency Exchange Loss:
Nov 21, 2013