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Samuel Onorio
Samuel C., 40, lives in the outskirts of Guayaquil in one of the few area that has water, drainage, paved streets, and electricity. His house is concrete. He began his work history working as a locksmith. There, he learned many things including welding skills. Due to his family's low income, he has had to continue with this line of work. He works welding iron from 8am until 5pm. He buys iron at $1,000 and sells it at $1500. One of the difficult things about his job is transporting the iron. Samuel is in a common-law relationship with his wife, who is a housewife. They have three children, an 8-year-old and a 6-year-old, who are in public elementary school, and a 14-year-old, who is in public secondary school. With the funding he will buy more iron in order to enlarge his business. In the future, he would like to set up a different business so that he can have time to study his children and learn from them and also help to have better economic stability and health.
View original language description ↓
Samuel C. de 40 años, vive en la zona Perimetral de Guayaquil, vive en uno de los pocos sectores que tiene agua, alcantarillado, camino pavimentado y luz, su casa es de cemento, la historia del negocio de Samuel empezó cuando comenzó a trabajar como oficial de cerrajería y pudo aprender muchas cosas como soldador por motivos de la falta de ingresos en su familia tubo que continuar con esta actividad.

Samuel empieza constantemente armando y soldando hierro desde las 08h00 hasta las 17h00, comprar hierro por $ 1.000.00 y los vende a $ 1.500.00 algunas de las dificultades de su trabajo es la transportación del hierro, Samuel esta en unión libre con su pareja la que tiene como actividad los quehaceres domésticos, con su pareja tiene 3 niños uno de 6 años, otro de 8 años los cuales estudian en una escuela fiscal y otro de 14 años que estudia en un colegio fiscal.

Con el préstamo quiere comprar mas hierro para poder así agrandar el negocio, en el futuro quiere poner otro negocio para tener tiempo para estudiar a sus hijos y aprender de ellos y también le ayudaría a tener estabilidad económica y salud.

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

  • $10,600
    Average annual income
  • 71
    View loans »
    Ecuador Loans Fundraising
  • $25,584,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Samuel Onorio to buy iron.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 23, 2009
Dec 15, 2009
Currency Exchange Loss:
Jan 15, 2011