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Maria Magdalena
Maria, age 68, started her business ten years ago. She decided to place a store at the entrance to her house in order to be able to generate income.

She continues with her food business, and she now works from 6:00 a.m. until 10:00 p.m. Her granddaughter, who lives close to her area, helps her. She does not have any difficulties, and she enjoys excellent health.

Maria has four children who are all adults, ages 47, 46, 45, and 42.
She will use the loan to buy rice, drinks, and canned goods.

One of her dreams is to have a place that is better suited for her business. This is because she only does business from the window of her house.
View original language description ↓
Maria de 68 años empezó con su negocio hace 10 años, decidió colocar una tienda en la entrada de su casa y así poder generar ingresos.

Sigue con su negocio de víveres y ahora su trabajo lo realiza desde la 6:00am hasta las 22:00pm con ayuda de su nieta que vive cerca por el sector. No tiene ninguna dificultad y goza de excelente salud.

Maria tiene 4 hijos todos son adultos de 47,46, 45, 42 años de edad. Con el préstamo va a comprar arroz, bebidas, enlatados. Unos de sus sueños es tener un local más adecuado para su negocio ya que solo atiende desde su ventana de la 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

  • $10,600
    Average annual income
  • 51
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $875 helped Maria Magdalena to buy rice, drinks, and canned goods.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2012
Listed
Sep 16, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 25, 2013