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Manuel Silvino
Manuel learned to work as a mechanic from the age of 15, beginning as an assistant in a shop where he had the opportunity to learn and gain confidence. Four years ago he decided to open his own shop because he enjoys the work and the most important thing for him is to be independent. He works together with an assistant from 8 o'clock int the morning until 6 o'clock in the evening. Because the shop is still rather new, he needs to acquire tools to improve his service. This is how he will use the loan for which he has applied. His goal for the future is to purchase a car to start a taxi service and to move his shop to his home, thereby improving his economic situation as he will no longer be renting.
View original language description ↓
Manuel aprendió desde los 15 años el trabajo de mecánico, empezó como ayudante en un taller el cual le dio la oportunidad de aprender y ganar confianza. Hace 4 años atrás decidió empezar su propio taller ya que le gusta el trabajo y lo más importante que es ser independiente. El trabajo lo realiza con un ayudante desde las 8 de la mañana hasta las 6 de la tarde. Como el taller lo abrió hace poco tiempo tiene necesidad de adquirir herramientas para mejorar su servicio y eso es lo que va adquirir con el préstamo que está solicitando. Su meta a futuro es poder comprar un carro para dar servicio de taxi y poner el negocio en su domicilio mejorando de esta manera su economía ya que no gastaría en alquiler.

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
  • 54
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Manuel Silvino to buy tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2012
Listed
Aug 25, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013