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Ricardo Sebastian
Ricardo started his business about 15 years ago because he was let go from work. After that event in his life he decided to start his own business and gradually it grew economically in sales until it became a well-stocked store.

His work schedule starts at 6am when he heads out to the market to buy fresh vegetables; his wife watches the store. He closes the store at 10pm. One of his difficulties is crime but the police is making its presence known in his neighborhood more frequently now.

Ricardo has two children but they are both independent adults now. He will use the loan to buy rice, sugar and groceries. One of his goals for the next five years is to buy building materials, cement, rebar and sand, to continue improving his house.
View original language description ↓
El Sr. Ricardo inicio hace aproximadamente 15 años su negocio debido a que lo liquidaron de su trabajo. Después de ese evento en su vida decidió establecer su propio negocio poco a poco creció económicamente con las ventas hasta llegar a tener una tienda bien surtida.
En la actualidad su horario de trabajo inicia desde las 6:00am cuando se dirige al mercado a comprar las legumbres frescas y su esposa queda ateniendo la tienda. Cierra el negocio a las 22:00pm. Unas de sus dificultades es un poco la delincuencia, pero ahora la policía está realizando operativos por su casa con más frecuencia.
Ricardo tiene 2 hijos pero ya son mayores de edad y viven independientemente. Con el préstamo va a comprar arroz, azúcar y víveres. Unos de sus metas para los próximos 5 años es poder comprar material de construcción , cemento hierro y arena para seguir avanzando en mejorar su vivienda

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
  • 97
    View loans »
    Ecuador Loans Fundraising
  • $23,946,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $750 helped Ricardo Sebastian to buy rice, sugar and groceries.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2012
Listed
Sep 15, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013