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Ernesto Everaldo
Ernesto is 56 years old and lives in Suburbio in Guayaquil (an urban area where most of the residents engage in informal businesses). He manages a vulcanization shop where he repairs automobile tires. When he started this business, Ernesto noticed that several buses pass by his house that are in need of repairs.

He gradually began fixing tires until it became his primary job. Now he works from 8:30am until 4pm every day. Since there is great demand for repair services, he had to hire an employee to work as his assistant. In order to generate additional income, Ernesto is requesting a loan to buy a chicken roaster so that he can start another business and secure his retirement.

In the future, he wants to solidify his vulcanization shop and have his own chicken rotisserie so that he can have a secure retirement using the income from both businesses.

View original language description ↓
Ernesto de 56 años, vive en el suburbio de Guayaquil (zona urbana, la mayoría de habitantes son comerciantes informales), el tiene una vulcanizadora “lugar donde reparan llantas de carros. Para comenzar con esta actividad el observo que por su casa pasaban muchos buses para pedirles reparación.

Poco a poco el comenzó a repararles las llantas, hasta que este fue su trabajo principal. Ahora el trabaja desde las 08:30am hasta las 16:00pm todos los días. Por la gran demanda de reparación, el tuvo que contratar a una persona para que le ayude. Pero para tener otro ingreso adicional el quiere comprar con el préstamo un asadero de pollos para tener otro negocio y asegurar su vejez.

En el futuro quiere permanecer con su vulcanizadora y tener su propio asadero de pollos para asegurar su vejez con esos ingresos de dinero.

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 Ernesto Everaldo purchase a chicken roaster so that he can start a new food business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 11, 2010
Jul 7, 2010
Currency Exchange Loss:
Jun 20, 2011