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Segundo Sebastian
Segundo lives in Vergeles, north of the city. He is 52 years old and single, and his children are grown up and independent. He has been selling fruit for the past two years, and he also rents out his truck, which he also uses for distribution. His work starts very early and he works with another person, and among the products he offers are coconuts, pineapples, bananas, oranges and watermelon. When he is done selling the products he returns to his family. He started this business because at his age he wasn't able to find work at a company, plus it's lucrative. With the loan that he is requesting, he plans to purchase fruits to sell and also make some repairs to his truck. He hopes to increase his sales and lower his expenses. He hopes in the future to finish building his home.
View original language description ↓
Segundo vive en Vergeles norte de la ciudad, a sus 52 años se encuentra soltero y sus hijos son mayores e independientes. Lleva 2 años con la venta de frutas en especial la venta de frutas, también realiza fletes ya que la camioneta donde distribuye el producto es suya. Su trabajo empieza desde muy temprano y lo realiza con una persona, entre los productos que oferta está el coco, piña, plátano, naranjas, sandia, cuando termina sus productos retorna con su familia. Empezó este negocio porque a su edad no podía conseguir empleo en una empresa, además es rentable. Con el préstamo que solicita comprara frutas para vender y también para hacerle algunas reparaciones a su camioneta, espera subir sus ventas y disminuir los gastos. Espera a futuro poder terminar de construir su casa.

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
  • 40
    View loans »
    Ecuador Loans Fundraising
  • $23,448,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Segundo Sebastian to purchase coconuts, pineapples, bananas, oranges and watermelons, and to repair his truck.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 9, 2012
Listed
Aug 15, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2013