Funded

Total loan: $1,000
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Napoleon Arnulfo


A loan of $1,000 helped purchase sugar, rice, and flour.


Napoleon Arnulfo's story

Napoleon is 57 years old and manages a general store and bakery. He lives with his wife and four children in Guasmo de Guayaquil, an urban area where most of the residents are informal merchants.

Twenty-five years ago, the company that Napoleon worked for went out of business. He used the money from his severance pay to buy groceries and opened a small store in the front part of his house. With a little bit of dedication, he was able to stock his store and add a bakery. He currently works from 6am preparing bread and then opens his business and looks after it until 10pm. Each loaf of bread sells for $0.07/each, a pound of sugar for $0.25, and a liter of milk for $0.85.

Napoleon will use the loan to buy sugar, rice, and flour for both his store and bakery, thereby increasing his operating capital. In the future, he wants to grow his business and attract more customers.

Translator profile picture

Translated from Spanish by Kiva volunteer Ronan Reodica



Loan details

Loan length:

14 months
Disbursed date: October 8, 2010
Facilitated by Field Partner: Banco D-MIRO S.A.

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: October 8, 2010
Facilitated by Field Partner: Banco D-MIRO S.A.