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Pedro Ibar
Pedro is 54 years old. He lives in the Guasmo neighborhood of Guayaquil (a place where many businessmen work in the informal economy). He has operated a locksmith business from his house for 20 years.

Pedro started the business all those years ago to support his family. He has worked ever since, from 7:00 in the morning to 4:00 in the afternoon, repairing and installing hardware on doors. His three children help him with the business so that he can complete jobs faster.

Pedro needs the loan to buy supplies for the business so that he can pick up new customers. In the future, he wants to make improvements to his house and set up a separate shop for the business.
View original language description ↓
Pedro de 54 años, vive en el Guasmo de Guayaquil (lugar habitado por comerciantes informales), el tiene un taller de cerrajería en su casa, desde hace 20 años atrás.

Para poder mantener a su familia comenzó a trabajar como cerrajero desde hace años, desde ese tiempo hasta ahora el trabaja desde las 07h00 hasta las 16h00pm, reparando y haciendo puertas de todo tipo. Sus tres hijos lo ayudan en el negocio para hacer mas rapido el trabajo.

Para poder tener mas clientela el necesita comprar metales para puertas con el préstamo, y en el futuro quiere construir mejor su vivienda y tener su local propio.

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 Pedro Ibar buy supplies for locksmith business.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Jun 25, 2010
Jul 20, 2010
Currency Exchange Loss:
Nov 15, 2011