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Ulices Arelio
Ulices is 38 years old and lives in the urban area of Guasmo in Guayaquil. He has two children, ages 2 and 7. Ulices was previously employed at a furniture store, but he decided to become independent and use his remaining money to buy furniture to sell to his neighbors. Over time, he began buying more furniture and making a profit.

Ulices now has his own furniture store. He buys the furniture pieces from a factory and then sells them in his store. Every day he and his wife work together from 8am until 2pm. They sell modular storage cabinets, dresser drawers, and wooden beds. With this loan, he will buy dresser drawers and modular storage cabinets to sell in his business.

In the future, he wants to open more locations where he can sell furniture.

View original language description ↓
Ulices de 38 años, vive en una zona urbana en la Guasmo de Guayaquil, el tiene dos hijos de 2 y 7 años, Ulices era empleado en un almacén de muebles pero por la falta de ingresos decidió independizarse e invertir lo que le quedaba de dinero en muebles para vender a sus vecinos, poco a poco le empezaron a comprar y a tener rentabilidad.

Ahora tiene un local de mueblería, compra los muebles en una fabrica y los vende en su local, trabaja desde las 08h00am hasta las 14h00 con su esposa todos los días, vende modulares, cajones, camas de madera. Con el préstamo quiere comprar cajones y modulares para vender en su negocio.

En el futuro quiere tener mas locales para vender muebles.

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
  • 30
    View loans »
    Ecuador Loans Fundraising
  • $26,524,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ulices Arelio purchase dresser drawers & modular storage cabinets.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Apr 23, 2010
May 20, 2010
Currency Exchange Loss:
Mar 15, 2011