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Freddy Orlando
Freddy lives in Guayaquil, and he is an enterprising man. He started his business of making shoes a few years ago. When he was left without work, he had to start a business activity in order to generate income for his family.

His business improved little by little. He now has a business where he makes all types of shoes. In order to make the shoes he needs leather, glue, and soles, etc. He has a lot of aspirations with his business because he has three children who are still little.

Therefore, he wants the loan to buy materials for shoes and to make a greater volume. This way he will be able to sell more shoes to more customers. Specifically, he wants to buy soles, glue, and shoelaces.
View original language description ↓
El cliente Freddy vive en Guayaquil, el es un hombre emprendedor por eso el comenzó hace algunos años su negocio de zapateria. Ya que cuando se quedo sin trabajo tubo que iniciar una actividad económica para generar ingresos para su familia.

Poco a poco fue mejorando su negocio hasta el momento que tiene un negocio donde hace zapatos de todo tipo. Para hacer los zapatos el necesita cuero, materiales de pegamento, suelas etc. Tiene muchas aspiraciones con su negocio ya que tiene aun tres hijos pequeños.

Por eso el quiere el préstamo para comprar materiales para los zapatos y hacer en mas volumen y asi poder vender a mas clientes mas zapatos. Quiere específicamente comprar suelas, pegamento, pasadores.

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
  • 44
    View loans »
    Ecuador Loans Fundraising
  • $23,142,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Freddy Orlando to buy soles, glue, and shoelaces.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2013
Listed
Jun 6, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 2, 2014