Check out some available loans that are similar to this one!
Maria Magdalena
María is 29 years old and lives in a periurban area with unpaved roads called Paraíso. She sells mattresses and beds.

She started her business five years ago to help with the family expenses. At the beginning she worked in a place selling furniture, and she was motivated by seeing the number of sales. Her husband works selling the mattresses and she works managing the place. Their sales style is to sell on credit so that their customers can pay for the mattresses in installments.

With this loan, she wants to purchase mattresses and beds to have more merchandise to sell. In the future she wants to have a furniture store and to make improvements to her house.

View original language description ↓
María de 29 años, vive en una zona periurbana con caminos de tierra llamada “Paraíso”. Es vendedora de colchones y camas.

Inicio su negocio hace 5 años atrás para ayudar con los gastos familiares, al principio como trabajo en un local comercial de muebles se incentivo al ver la magnitud de las ventas. Su esposo se encarga de vender los colchones y ella de administrar el local. El estilo de ventas es dar a crédito para que sus clientes paguen por cuotas los colchones.

Con el préstamo quiere comprar colchones y camas para tener mas mercadería para vender. En el futuro quiere tener una tienda de muebles y mejorar su casa.

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
  • 74
    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 $1,150 helped Maria Magdalena mattresses, beds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 16, 2010
Sep 24, 2010
Currency Exchange Loss:
Oct 21, 2011