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Segundo Damian
Segundo, age 45, lives in Quevedo, Ecuador. At first he had a tricycle and worked as a carrier. Then he got together with a cooperative and used a loan to buy a ‘mototaxi’ [three wheeled motorized vehicle]. Through this trade he was able to work and have more income for his household.

His work starts at 6:00 a.m. and he works until the nighttime as a driver. The difficulty he often faces in his business is the rain.

He is married, and he has a tire repair shop, which he wife tends to. He has three children; all of them are minors.

He will use the loan to buy materials like tires, inner tubes, and various tools for his business.

His dream for the future is to continue fixing his house and to make it bigger in order to rent rooms. This way he will be able to have more income for his household.
View original language description ↓
El Señor Segundo vive en Quevedo (Ecuador), el tiene 45 años de edad. El primero tenía un triciclo, y trabajaba como transportista, pero luego se asocio a una cooperativa y con un préstamo que hizo se compro una moto taxi, y por medio de este pudo trabajar y tener más ingresos para su hogar.

Su labor empieza desde las 6:00 de la mañana hasta la noche, el es transportista. La dificultad que a él se le presenta en su negocio son las lluvia. El está casado y como él tiene una vulcanizadora la esposa se encarga de atenderla. El tiene 3 hijos y son todos menores de edad.

El usara el préstamo para comprar materiales para su negocio como: llantas, tubos de llantas, y varias herramientas. El sueño de él para el futuro es seguir arreglando su casa hacerla más grande para arrendar cuartos, y así poder tener más ingresos para el hogar.

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
  • 98
    View loans »
    Ecuador Loans Fundraising
  • $23,946,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Segundo Damian to buy materials like tires, inner tubes, and various tools for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Apr 9, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 19, 2013