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Yerlena Verónica
The client lives in the city of Machala. She started this activity when she was abandoned by her husband. She got help from people who were close to her and managed to acquire a sewing machine she used to start her business. She then started to sew for family members and friends and later on started to go around selling the clothes she made. She’s a single mother of three children who attend a public school. She’ll use the money from the loan to buy fabric for her business.
View original language description ↓
La cliente reside en la ciudad de Machala, empezó en esta actividad cuando fue abandonada por su esposo. Recibió la ayuda de allegados, logró adquirir una máquina de coser, con la cual inició su negocio. Posteriormente realizó costuras a familiares y amigos, para luego recorrer y comercializar sus productos elaborados. Ella es madre soltera y tiene 3 hijos que estudian en una escuela fiscal. Aplicará el dinero del crédito en la adquisición de telas para la producción de su negocio.

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
  • 15
    View loans »
    Ecuador Loans Fundraising
  • $22,544,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Yerlena Verónica to buy fabric.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2013
Listed
Jul 15, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 4, 2014