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Humberto Elias
Humberto has a store in his neighborhood where he sells all types of shoes. He started this business because since he was very young he worked with his friend at a store at the bay. In time he saved money until he had enough capital to open his own shoe store. He currently does not have any help, he himself sells and takes care of the customers. The prices vary depending on the type and quality of shoe and whether they are for boys or girls. He is very happy with all that he has achieved in the short time that he has been in business. Recently he has made improvements to the store increasing shelf space. He needs the loan to purchase merchandise to be able to increase his sales. In the future he would like to be able buy a municipal business and open another store in the market.
View original language description ↓
Humberto tiene un local en su barrio donde vende todo tipo de calzado, inicio esta actividad porque desde muy joven trabajo con un amigo en un local en la bahía. Con el tiempo fue reuniendo dinero hasta llegar a un capital con el cual pudo abrir su propio negocio de calzado. De momento no tiene ayudante ya que el mismo realiza la atención y venta al público, el precio varía según la calidad y modelo del zapato también depende si es para niños y niñas. Se siente muy satisfecho por todo lo que él ha logrado en el poco tiempo que tiene su negocio. Hace poco tiempo hizo arreglos en su local aumentando perchas por lo que realizo el préstamo para la comprar de mercaderías y aumentar las ventas. A futuro le gustaría poder aplicar en la compra de un negocio municipal y abrir otro local en el mercado.

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
  • 52
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $1,025 helped Humberto Elias purchase merchandise, shoes and sneakers.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 18, 2012
Aug 27, 2012
Currency Exchange Loss:
Sep 26, 2012