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Zoila Mercedes
Zoila V. is 47 years old and she lives in a neighborhood on the outskirts of Guayquil, located on the Perimetral road. Her house is made of cement and she has all of the basic services [water, electricity, etc.]. Her husband sells household items. She has two children with him.

Zoila and her husband began by working as street vendors in Guayaquil, selling household items. Eventually their economic situation stabilized and they opened a small store.

She now works from 7:00AM until 10:00PM, with her daughter’s help. She sells rice, sugar, detergents, and household items. One of the difficulties she has to deal with is crime in her neighborhood.

With the loan she wants to buy rice, cooking oils, and detergent for her business. In the future she wants to have her own mini market.
View original language description ↓
Zoila V. de 47 años, vive en una zona periurbana en la Perimetral de Guayaquil, su casa es de cemento y cuenta con todos los servicios básicos, su esposo vende artículos para el hogar con el tiene 2 hijos.

Zoila y su esposo empezaron recorriendo las calles de Guayaquil vendiendo artículos para el hogar, poco a poco su economía se estabilizo y pusieron una pequeña tienda.

Ahora ella trabaja desde las 07h00 hasta las 22h00 con la ayuda de su hija, vendiendo arroz, azúcar, detergentes, y artículos para el hogar. Uno de los inconvenientes que tiene es la delincuencia que hay en su sector.

Con el préstamo quiere comprar arroz, aceites, detergente para su negocio. En el futuro quiere tener su propio Minimarket.

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
  • 54
    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 $1,000 helped Zoila Mercedes to buy rice, cooking oil, and detergent.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 12, 2010
Feb 18, 2010
Currency Exchange Loss:
Mar 15, 2011