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Luis Mauricio
Luis, 27, lives in Orquídeas. He’s in a free union and has no children. He decided to look for work to get ahead but since no one gave his the opportunity to work for a firm he decided to gather money to open a bakery. His sales gradually grew and now he has the necessary clientele. He works every day from 6:30am until 10am and from 2pm until 5pm. Luis starts work early in the morning. He will use the loan to buy flour, shortening, butter and others. His goal is to have a place of his own to install his bakery and his family.
View original language description ↓
Luis vive en las orquídeas. Tiene 27 años. Tiene una unión libre y no tiene hijos. El tomo la decisión de buscar trabajo para seguir adelante. Como nadie le daba la oportunidad de trabajar en una empresa. El decide juntar dinero para dar apertura a su negocio que es una panadería En la actualidad sus ventas poco a poco creció hasta llegar a tener clientela necesaria. el trabaja diariamente solo desde las 6:30 am hasta 10pm y de 14pm hasta 17pm. Luis trabaja desde la mañana .Con el préstamo el comprara harina, manteca, mantequilla varios, etc. su meta es tener su local propio para poner su panadería junto a su familia.

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

  • $10,200
    Average annual income
  • 13
    View loans »
    Ecuador Loans Fundraising
  • $22,851,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Luis Mauricio to buy flour, shortening, butter.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2012
Listed
Jan 14, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 25, 2014