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Maria Magdalena
María is 33 years old and lives in the area just outside of Primavera de Duran, Ecuador. She has a stationery store, which in her country is called a "Bazar."

Motivated by the need to support her children, she had to invest her savings in order to buy stationery. She began to sell her products to people she knew. Now, she works from 7am until 9pm at her own business. One of the difficulties she has is a lack of time; also, she has had to put up bars at her store (as seen in the photo) due to crime in the area.

With the loan, María wants to buy notebooks, pens, and paper products for her business. In the future, she would like to make improvements on her house; she also wants her children to finish their studies successfully.
View original language description ↓
María de 33 años, ella vive en una zona periurbana en la Primavera de Duran, ella tiene una papelería en el Ecuador se les llama “bazar”.

Con la motivación de tener que mantener a sus hijos tuvo que invertir sus ahorros para comprar papelería y comenzar a venderla a sus conocidos. Ahora trabaja desde las 07h00am hasta las 21h00pm en su propio negocio. Una de las dificultades es la falta de tiempo y la delincuencia que ahora hay en el sector, por eso tuvo que poner rejas en su negocio (como en la foto).

Con el préstamo quiere comprar cuadernos, plumas y papelería para su negocio, en el futuro quiere construir su casa mejor su casa y que sus hijos terminen sus estudios con éxito.

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
  • 72
    View loans »
    Ecuador Loans Fundraising
  • $25,587,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Maria Magdalena to buy notebooks, pens, and paper products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jul 20, 2010
Aug 19, 2010
Currency Exchange Loss:
Jul 15, 2011