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Elsa C. is 25 years old and lives in the periurban area of Fortín in Guayaquil. Her house is made of cement and receives electricity. Her husband is a master bricklayer. They have two children, ages 3 and 1.

Due to her limited household income, she came up with the idea out of desperation to have her own business. Four years ago, she started this business with her parents. She used some of her savings to buy groceries and open a small store in her home. Elsa increased her store by working from 7am until 10:30pm every day. She now has a well-stocked inventory of rice, sugar, canned goods, beverages, candy, and other items.

She wants a loan so that she can rent a location at the terminal in Guayaquil (where the buses park before they leave to the cities and provinces throughout Ecuador). In the future, she wants to branch out her store.

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Elsa C. de 25 años, vive en una zona periurbana en el Fortín de Guayaquil, su casa es de cemento y solo cuenta con luz, su esposo es maestro albañil ellos tienen 2 hijos de 3 y 1 año.

Debido al poco ingreso económico que tenía en su casa y la desesperante idea de tener su propio negocio decidió hace 4 años iniciar con la misma actividad que los padres tenían cuando ella era pequeña, con unos pocos ahorros compro víveres y puso una pequeña tienda en su casa.

Incremento su tienda trabajando desde las 07h00 hasta las 21h30 todos los días, ahora ella la tiene muy surtida con arroz, azúcar, enlatados, bebidas, dulces etc.

Quiere con el préstamo alquilar un local en el terminal de Guayaquil (lugar donde se estacionan los buses para ir a las ciudades y provincias deL Ecuador). En el futuro quiere tener sucursales de su tienda.

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
  • 40
    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 Elsa rent a vending location at the bus terminal.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 11, 2010
Mar 19, 2010
Currency Exchange Loss:
Apr 15, 2011