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Pedro Antonio
Pedro lives in Fortín, an area in the North of Guayaquil. He is 45 years old, married and has two children who do not live with him because they are old enough to be on their own. He began with a dream many years ago to have his own business and he achieved it because he had learned all that he needed to know in regards to working in carpentry. A year ago, Pedro opened his own carpentry workshop where he works making furniture, beds and dresser drawers. As he has very little free time, he has not had time to hire people to help him and in the end his wife is the one who assists him. Together they leave to work every day at 8am and work until 6pm. With the loan, he will want to purchase wood, varnish, paint and tools etc. His dream is to expand his business and to be able to distribute his products to a warehouse.
View original language description ↓
Pedro vive en el Fortín zona norte de la ciudad de Guayaquil. El tiene 45 años de edad está casado y tiene 2 hijos que no viven con el porqué son independientes. El comenzó con la ilusión hace muchos años de tener un negocio propio y lo consiguió porque había aprendido todo lo referente al trabajo de carpintería. Hace 1 año Pedro abrió su propio taller de carpintería, en el cual trabaja elaborando muebles, camas, cómodas. Como tiene poco tiempo el no ha podido contratar ayudantes por ende su esposa es quien le ayuda. Juntos salen a trabajar todos los días desde las 8:00 am hasta 18:00pm. Con el préstamo él quiere comprar madera, barniz, pintura, herramientas etc. Su sueño es ampliar más el negocio que tiene y poder distribuir a un almacén sus productos.

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
  • 45
    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 $875 helped Pedro Antonio wood, paint and varnish.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2012
Listed
Nov 2, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 19, 2013