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Teresa Maria
Teresa lives in Playas canton, in Guayas province. She is 48 years old, divorced, and has three daughters. Her only son died three years ago. Teresa has been in her business for 10 years. Her son started baking bread to sell as he learned how to do this in his previous job. Teresa would help him in the business. Approximately three years ago, Teresa's son died in an accident and now she owns the business. She will always remember her son who taught her how to run the business before he died. Teresa currently prepares her bread and cakes without any problems as one of her daughters helps her. They work together from Tuesday to Sunday, from 6.00am to 10.00pm. Teresa would like to use her loan to buy an oven, lard, butter, flour, etc. Her goal is to have additional premises and to distribute her goods wholesale.
View original language description ↓
Teresa vive en el cantón Playas de la provincia del Guayas, tiene 48 años de edad es divorciada tiene 3 hijas 1 un varón pero el único hijo varón falleció hace 3 años . Ella tiene 10 años en el negocio su hijo empezó a realizar pan para vender ya que había aprendido en su último trabajo, entonces ella le ayudaba en el negocio, hace aproximadamente 3 años su hijo murió en un accidente y ahora Teresa es la propietaria del negocio. Siempre recordara a su hijo quien le enseño a administrar el negocio antes de morir. Actualmente ella realiza los panes y pasteles sin problemas una de sus hijas la ayuda ellas juntas trabajan de martes a domingo desde las 6 e la mañana hasta la 10 de la noche. Con el préstamo quiere comprar un horno, manteca, mantequilla, harina etc. Su meta es tener otros locales y distribuir al por mayor.

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
  • 95
    View loans »
    Ecuador Loans Fundraising
  • $25,028,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Teresa Maria to buy an oven, lard, butter, flour, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 9, 2012
Dec 1, 2012
Currency Exchange Loss:
Oct 19, 2013