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Teresa Gisella
Teresa, 55, lives in a suburb of Guayaquil. For 5 years, there had not been a bakery in her neighborhood, so she decided to set up a business in her house. Now she has a bakery set up where she sells milk, yogurt, colas, and the cakes and breads that are her specialty. She starts working at 5 in the morning when she gets up to prepare the bread. Once the bread is ready she starts to sell, and she sells until 5pm. She follows this routine every day. One of her main worries is to be in a situation where she can't make the bread. With the loan that she is requesting, Teresa will buy flour, butter and an extra oven so that she can increase her production. In the future, she hopes to expand her bakery, combining that business with a general store.
View original language description ↓
Teresa tiene 55 años de edad y vive en el Suburbio de Guayaquil, hace 5 años no había panaderías por su sector así que decidió ubicar su negocio en casa. Actualmente tiene una panadería acondicionada donde vende leches, yogurt, colas, tortas y panes ya que esta es su especialidad. Empieza sus actividades desde las 5 de la mañana que es cuando se levanta a preparar los panes, una vez que están listos empieza la venta hasta las 5 de la tarde, sigue esta rutina todos los días. Una de sus mayores preocupaciones es que no pueda elaborar el pan. Con el préstamo que está solicitando Teresa comprar harina, mantequilla y un horno adicional para aumentar su producción. A futuro espera ampliar la panadería combinando el negocio con bazar.

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
  • 55
    View loans »
    Ecuador Loans Fundraising
  • $24,996,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Teresa Gisella to buy flour, butter and an oven.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 18, 2012
Aug 27, 2012
Currency Exchange Loss:
Aug 17, 2013