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Nicasio Gustavo
Nicasio E. is 51 years old and has a cement house with two basic services, water and light, but no plumbing. His house is located in the outskirts of Guayaquil. Nicasio began his business with an idea from a friend who pointed out that there was no furniture upholstery store in that part of the city. His friend helped with the first payment.

Now Nicasio works lacquering and upholstering furniture from 8am to 7pm. One the major challenges faced by his business is thieves. His wife works with him sewing the furniture. They have two grown up children.

With the loan, he would like to buy 200 meters of fabric, 400 frames and 200 pieces of foam. In the future he would like to increase his upholstery business to secure the future of his family.
View original language description ↓
Nicasio E. de 51 años de edad, tiene una casa de cemento con dos servicios básicos que son agua y luz no cuenta con alcantarillado, su casa esta ubicada en la Perimetral de Guayaquil, Nicasio comenzó su negocio con la idea de un amigo que pusiera una tapicería de muebles porque no había en el sector este servicio y el le ayudaría con el primer ingreso.

Ahora Nicasio trabaja laqueando y tapizando muebles desde las 08h00 hasta las 19h00, una de las mayores complicaciones en su negocio son los ladrones, la esposa trabaja con el ayudándole a coser los muebles, tiene hijos pero ya son mayores de edad.

Con el préstamo quiere comprar 200 metros de tela, 400 armazones y 200 esponjas, en el futuro quiere incrementar su negocio de tapizado para asegurar el futuro de su familia.

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
  • 41
    View loans »
    Ecuador Loans Fundraising
  • $26,742,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Nicasio Gustavo fabric, frames and foam.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 26, 2009
Dec 16, 2009
Currency Exchange Loss:
Jan 15, 2011