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Jose Ruben
Jose, 34, lives on the outskirts of Guayaquil. He has two children, 9 and 8 years old. To support his family, he had to adapt his house and invest his savings in supplies for a grocery.

Jose began selling canned goods and rice and, with his wife's help, gradually built up the store. He buys stock for the store once a week and works there from 6:00am to 8:00pm every day. He now needs to buy the school supplies that his children needs and he wants to use this loan to buy books and other school supplies.

In the future, he wants to expand his stores with a wider range of products.
View original language description ↓
José de 34 años, vive en una zona urbana en el Fortín de Guayaquil, tiene dos hijos de 9 y 8 años, para poder mantener a su familia el tuvo que readecuar su casa e invertir sus ahorros en víveres para tener una tienda.

Comenzó vendiendo enlatados y arroz poco a poco fue incrementando su tienda con la ayuda de su esposa, comprar semanalmente los víveres y trabaja desde las 06:00am hasta las 20:00pm todos los días. Pero como ya comenzaron clases sus hijos el necesita comprarle los útiles escolares por eso con el préstamo quiere comprar cuadernos y libros.

En el futuro quiere agrandar su tienda con mas víveres.

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
  • 73
    View loans »
    Ecuador Loans Fundraising
  • $25,584,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Jose Ruben buy school supplies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 14, 2010
Jun 4, 2010
Currency Exchange Loss:
Dec 15, 2010