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Victor Eduardo
Victor, 30, lives in the El Fortín settlement of Guayaquil (an urban area on the outskirts of the city where there exists remnants of an ecology in dissolution.) He started in 1995, working for a company as a locksmith, but the company was liquidated. He had to become independent and earn money working on his own to cover the household expenses.

Gradually, and with a lot of effort, he managed to buy the machinery needed to open his own locksmith business. Now he works from 8am until 6pm each day with his assistants. In order to have more work opportunities, he wants to buy aluminum, a compressor and welding equipment with this loan.

In the future he wants to finish building rooms for his children and have another locksmith workshop.
View original language description ↓
Victo de 30 años, vive en el Fortín de Guayaquil (perímetro periurbano con restos de una ecología en disolución). Empezó en 1995 a trabaja como cerrajero en una empresa pero como lo liquidaron, tuvo que independizarse y conseguir dinero trabajando independientemente para solventa su hogar.

Poco a poco con esfuerzo compro maquinaria como cerrajería, ahora el trabaja desde las 08h00pm hasta las 18h00pm todos los días con ayudantes. Para tener mas oportunidades de trabajar el quiere comprar con el préstamo aluminio, un compresor y soldaduras.

En el futuro quiere terminar de construir los dormitorios de sus hijos, y tener otros talleres de cerrajería.

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
  • 48
    View loans »
    Ecuador Loans Fundraising
  • $26,538,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Victor Eduardo to buy aluminum, a compressor and welding equipment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 1, 2010
Jun 23, 2010
Currency Exchange Loss:
Jul 16, 2011