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Victor Hugo
Victor lives in the city of Machala in El Oro Province. He’s single and has no children. The economic need at home and the lack of employment opportunities in the country led him to start his own business. He’s a merchant who goes out every morning to sell products like magazines, notebooks and decorations outside a nearby school in his neighborhood. He wants to use the loan to buy magazines, notebooks, etc. His goal is to have his own locale to sell his products in.
View original language description ↓

Victor vive en la ciudad de Machala de la provincia de El Oro es soltero no tiene hijos. La necesidad económica que había en su hogar y la falta de empleo en el país, tomo la decisión de comenzar con un negocio independiente. En la actualidad Victor es comerciante ya que sale todas las mañanas a una escuela cerca de su sector y afuera de esa escuela vende sus productos como revista, cuadernos, adornos. Con el préstamo quiere comprar revistas, cuadernos, etc. Su meta es tener un local propio para vender su mercadería.

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
  • 96
    View loans »
    Ecuador Loans Fundraising
  • $25,071,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $650 helped Victor Hugo to buy magazines and notebooks.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Oct 7, 2012
Nov 9, 2012
Currency Exchange Loss:
Aug 17, 2013