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Teolfilo Melecio
Teófilo, age 36, lives in Libertad. He decided to choose this business activity because it is one where you invest little and gain more. Also, it helps take care of the environment. He devotes himself to recycling, and he does it alone every day.

The only difficulty he has in his business is that he is afraid of getting sick. He has a wife, who devotes herself to the household chores. He has five small children. They go to public school, except the little one does not go to school yet.

He will use the loan to increase his recycling business. He will buy sacks and containers for recycling.

In the future he wishes to be able to get a store where he would be able to improve his income from recycling. He wants to do this in order to improve his children’s future.
View original language description ↓

El cliente Teófilo vive en Libertad, el tiene 36 años de edad. El decidió escoger esta actividad porque es donde invierte poco y gana más, y además ayuda con el cuidado del medio ambiente. El se dedica al reciclaje, y lo realiza todos los días, lo realiza solo.

La única dificultad que él tiene en su negocio es que teme a enfermarse. El tiene esposa, y se dedica a los quehaceres domésticos del hogar. El tiene 5 hijos pequeños y van a la escuela fiscal y la pequeña aun no estudia.

El utilizara el préstamo para incrementar su negocio de reciclaje comprando fundas y tarros para reciclar. El desea para el futuro poder obtener una bodega donde pueda mejorar sus ingresos debido al reciclaje, para mejorar el futuro de sus hijos.

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
  • 72
    View loans »
    Ecuador Loans Fundraising
  • $23,911,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Teolfilo Melecio to buy sacks and containers for recycling.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2013
Listed
Apr 8, 2013
Currency Exchange Loss:
N/A
Ended:
May 6, 2014