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Miguel Oswaldo
Miguel is 46 years old. He lives along the Perimetral Highway of Guayaquil (a periurban area that is situated near a salt marsh). Several years ago he opened a stationery shop, but now he also has a pharmacy.

After he opened his stationery shop, he started a job at a hospital and decided to combine his two occupations by adding a pharmacy business. Over time he was gradually able to accommodate both ventures. Miguel has had his businesses in operation for 25 years. He works from 8am until 11pm.

With this loan, he wants to increase the inventory of his stationery shop and pharmacy by purchasing notebooks, pens, and medicines. In the future, he wants to expand his business and make the appropriate accommodations.

View original language description ↓
Miguel de 46 años, vive en la Perimetral de Guayaquil (zona periurbana, a su alrededor tiene el estero salado), hace años atrás el comenzó con una papelería y ahora ha implementado farmacia.

Después DE tener su papelería el comenzó a trabajar en un hospital y decidió fusionarlo y tener también en su negocio una farmacia poco a poco con esfuerzo pudo readecuarlo. Desde ese tiempo ya tiene 25 años con su negocio trabajando desde las 08h00am hasta las 23h00pm.

El quiere surtir mas su papelería- farmacia comprando con el préstamo cuadernos, plumas y medicinas. En el futuro quiere aumentar su negocio y readecuarlo.

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
  • $25,580,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Miguel Oswaldo purchase medicines, notebooks, and pens.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 5, 2010
Jul 26, 2010
Currency Exchange Loss:
Aug 15, 2011