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Sonia Isabel
Sonia, 45, lives in Las Orquídeas. She lives in a common-law marriage and has two underage children. Sonia decided to look for a job in order to continue helping her children with their studies. Seeing that nobody wanted to employ her in a company, she decided to gather some money and open a business making “waipe” (fabric scraps made of cotton that are sold to hardware stores, normally used as rags to paint and clean. They are very similar to baby diapers, are sold by the kilo, and are very economical).

Her business has grown step by step to reach a customer base big enough. Sonia works during the weekend, starting in the morning. With this loan she will buy waipe and thread. Her goal is to continue working and to make some home improvements.
View original language description ↓
Sonia vive en las Orquídeas. Tiene 45 años. Tiene unión libre y tiene dos hijos menores de edad. Ella tomo la decisión de buscar trabajo para seguir adelante con los estudios de sus hijos. Como nadie le daba la oportunidad de trabajar en una empresa. Ella decide juntar dinero que tenia para dar apertura a su negocio de waipe (Trozos de telas de algodón en hilachas, que se usa en carpintería, para pintar y limpiar, muy parecido al pañal de tela de los bebés, se vende por kilo,y menos es muy económico).

En la actualidad su negocio poco a poco han ido creciendo hasta llegar a tener clientela necesaria Sonia trabaja los fines de semana desde la mañana. Con el préstamo el comprara, trozos de telas ya uzados, hilos, para hacer mas waipe. Su meta es seguir trabajando para mejorar sus ventas y mejorar su casa.

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
  • $24,092,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $775 helped Sonia Isabel to purchase piece of used cloth and thread.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 18, 2014