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Julio, 49, is divorced; he has an 18-year-old son. He started his washing machine rental business 20 years ago and currently works leasing washing machines using a three-wheel, motorcycle-driven cart he bought last year with the first loan he requested. He will use this loan to buy washing machines, dryers and to repair his vehicle. His goal is to have a locale of his own to set up a complete laundry.
View original language description ↓
Julio tiene 49 años de edad es divorciado, tiene 1 hijo de 18 años de edad. El empezó su negocio de alquiler de lavadoras hace 20 años atrás. En la actualidad el trabaja alquilando lavadoras en una trcicimoto que él compro hace el año pasado con el primer crédito que solicito. Con el crédito comprara lavadoras, secadoras, y arreglara su tricimoto. Su meta es tener un local propio para luego implementar una lavandería completa

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
  • 92
    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 this borrower to buy washers, dryers and to repair his vehicle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 13, 2012
Dec 1, 2012
Currency Exchange Loss:
Nov 21, 2013