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Rosario Margarita
Rosario Cedeño is 44 years old and lives in a cement house with simple plumbing and electricity. Her house is located in Paraíso de Guayaquil. Her husband works in a wood-working shop. They have three children who are all married and working.

Rosario began saving money selling soft drinks, water, and ice cream in order to contribute to their savings for the furniture workshop that she and her husband wanted. Now, Rosario and her husband have the workshop in their home. She is still selling soft drinks, water, and ice cream. They work every day in the workshop and selling beverages. One of their greatest struggles is the rain.

With the loan, she wants to buy wood, nails, and materials for the business. In the future, she wants to start another branch of the wood-working shop.

View original language description ↓
Rosario Cedeño de 44 años, vive en una casa de cemento con agua y luz como servicios básicos su casa esta ubicada en Paraíso de Guayaquil, su esposo trabaja en el taller de ebanistería tienen 3 hijos ya casados y trabajando.

Rosario comenzó a reunir dinero vendiendo colas, agua y helados para poder aportar a los ahorros para sacar el taller de muebles que querían con su esposo, ahora Rosario y su esposo tienen el taller en su casa, ella sigue vendiendo colas, agua y helados. Trabajan todos los días en el taller y vendiendo las bebidas, una de las mayores dificultades es la lluvia.

Con el préstamo quiere comprar madera, clavos, materiales para su negocio, en el futuro quiere poner otra sucursal de ebanistería.

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
  • 33
    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 $975 helped Rosario Margarita wood, nails, supplies.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jan 7, 2010
Jan 11, 2010
Currency Exchange Loss:
Dec 15, 2010