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Miguel Octavio
This borrower resides in the Suburbio sector of Guayaquil. He started his business 13 years ago with a small stand selling colas. At the moment, he has a large and well-established business compared to before. He and his daughter work every day from 6:00 A.M. to 11:00 P.M. The borrower is married and his wife sells fried foods. His children are already grown.


For now, the borrower needs the money from his loan so that he can buy medicine for his treatment.

View original language description ↓
El cliente reside en el sector de Suburbio en Guayaquil. Hace 13 años comenzó con un puesto pequeño de venta de colas. Al momento ya posee un negocio más establecido y grande con respecto al de antes. Trabaja con su hija todos los días, de 6 am a 11 pm. Es casado y su esposa se dedica a la venta de fritada. Tiene hijos que ya son mayores de edad. Ahora necesita el dinero del préstamo para la compra de medicina para un tratamiento médico.

Additional Information

More information about this loan


This loan is for a Kiva borrower to pay for medical treatment. These borrowers face higher barriers to obtain loans due to their health condition. Kiva Field Partner Banco D-MIRO combines their loan with free health and life insurance to help borrowers generate the capital necessary to develop and run a business.  


Due to potential safety risks facing borrowers with health conditions and the need to protect their privacy, the faces of borrowers from Banco D-MIRO may be blurred in photos.

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
  • 31
    View loans »
    Ecuador Loans Fundraising
  • $23,087,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $625 helped Miguel Octavio to buy medicine.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2013
Listed
Aug 23, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 27, 2014