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Antonia Magdalena
The client is from Portoviejo. At the beginning her mother worked making 'jabón pireto' [natural soap] which had passed down through several generations. From then on she’s been in this same activity and it’s been quite productive. She starts work at 6am and goes until 5pm with constant help from her husband and children. She’s in a common law relationship and has ten children four of which live with her. She wants to use the loan to buy raw materials like pine nuts, firewood and lye.
View original language description ↓
El cliente es de la ciudad de Portoviejo. Desde un inicio, la mamá del cliente se dedicaba al negocio de la producción de jabón prieto, la cual ha pasado por algunas generaciones. De ahí en adelante, ha emprendido en esta actividad que le ha resultado bastante productiva. Ella empieza a trabajar desde las 6 am hasta las 5 pm, con su esposo e hijos que la ayudan cosntantemente. Mantiene una relación de unión libre y tiene 10 hijos, de los cuales 4 viven con ella. Desea invertir el préstamo en materia prima para su negocio, como piñón, leña y legía.

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
  • 39
    View loans »
    Ecuador Loans Fundraising
  • $23,146,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Antonia Magdalena to buy raw materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 3, 2013
Listed
Jul 26, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 4, 2014