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Jaime has about 8 years of experience running and owning food markets. Prior to this, he used to be a street vendor, but he decided to switch due to the instability of the work. He started off by selling vegetables, but now he has diversified his product line to include many different foods and home supplies.

Jaime is 27 years old and has one son who is 6 years old. When he received his first loan with Mifex his wife was expecting a new child in only 2 months, putting pressure on Jaime to generate income for his growing family. Jaime was extremely happy to receive his first loan and was able to invest in his business before the arrival of his child. The investments he made certainly made it easier for Jaime to handle the costs associated with a new baby. The loan meant a lot for him and his wife. Both feel they were able to provide the very best they could for their new baby. His business continued to do well as he invested in a new glass case. He hopes a second loan will allow him to buy more glass display cases and also more merchandise.

About Ecuador

  • $10,600
    Average annual income
  • 39
    View loans »
    Ecuador Loans Fundraising
  • $26,686,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $925 helped Jaime buy merchandise and improve his store presence.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Aug 14, 2007
Jul 30, 2007
Currency Exchange Loss:
Apr 4, 2008