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Fernando Xavier
This borrower is from the city of Quevedo. He started some time ago when his father taught him the business of selling “morocho” (a warm corn pudding). With the help of God, he was able to make progress and purchase all of his equipment and supplies. He works at his vending stall with his wife. Together they travel to different neighborhoods in order to sell their product. The borrower is in a common-law relationship and has a daughter who attends a state school in the area. In the future he would like to have a house of his own and a car. Most importantly, he wants to remain healthy so that he can provide whatever his daughter needs.

For now, the borrower needs a loan so that he can buy a cart and chairs for his business.
View original language description ↓
El cliente es de la ciudad de Quevedo. Empezó tiempo atrás cuando su papá le enseñó el negocio de la venta de morocho, y con la ayuda de Dios, ha podido progresar y comprar todas sus pertenencias. Trabaja en su puesto con su esposa, y juntos recorren varios sectores vendiendo su producto. Se encuentra en estado de unión libre y tiene una hija, quien estudia en el colegio fiscal del sector. A futuro, desea tener su casa propia y un carro, pero más importante, salud para poder darle lo necesario a su hija. Ahora necesita el crédito para la compra de una carreta y sillas para 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.

Tags

About Ecuador

  • $10,200
    Average annual income
  • 53
    View loans »
    Ecuador Loans Fundraising
  • $23,889,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Fernando Xavier to buy a food cart and chairs for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2013
Listed
Oct 1, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 31, 2014