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Marco Santiago
This borrower is from the city of Portoviejo. He chose this line of work because his father taught him the retail trade at a very young age. The borrower works alone every day, starting in the early morning hours. He is married and his wife has a small sewing workshop. They have three children. The oldest one is married and the other two are ages 18 and 11 and attend a state school in the area. In the future, he wants to grow his business and also help his wife with her workshop. In addition, he wants to make improvements to their home.

For now the borrower needs the money from this loan so that he can buy stockings, bikinis, boxers, and other types of clothing to sell.
View original language description ↓
El cliente es de la ciudad de Portoviejo. Escogió esta actividad porque el padre le enseño desde muy pequeño el trabajo del comercio. Trabaja solo todos los días, desde temprano. Es casado y su esposa tiene un pequeño taller de costura. Tiene 3 hijos, la mayor es casada y los otros tienen 18 y 11 años, y estudian en la escuela fiscal del sector. Desea a futuro que su negocio crezca y ayudar a su esposa con su taller, además de mejorar su vivienda. Ahora necesita el dinero del crédito para la compra de medias, bikinis, boxers y demás ropa para su comercialización.

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.

Tags

About Ecuador

  • $10,200
    Average annual income
  • 16
    View loans »
    Ecuador Loans Fundraising
  • $22,607,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Marco Santiago to buy stockings, bikinis, boxers, and other types of clothing to sell.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2013
Listed
Oct 1, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014