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Jacinto Freddy
Jacinto is 32 years old. He has a bakery in the front part of his home. He lives with his wife and three children in an urban area called Guasmo which is characterized by the fact that most of its inhabitants are traders and salespeople.

13 years ago he learned to bake bread in a very well-known Guayaquil bakery called “California” but he decided to start working for himself. He bought an oven so that he could have his own bakery in his home. He currently works from 5.00am baking bread until 6.00pm when his work day ends and he can spend time with his family.

He would like to use his loan to buy yeast, flour and dairy products for his bakery. In the future, he would like to have branches of his bakery in main streets to provide him with more sales opportunities.
View original language description ↓
Jacinto de 32 años, tiene una panadería en la parte delantera de su casa. Vive con su esposa y tres hijos en una zona urbana llamada Guasmo y caracterizada porque la mayoría de sus habitantes son comerciantes.

Hace 13 años el aprendió hacer panes en una panadería muy conocida en Guayaquil llamada “California” pero decidió ser independiente y comprar un horno pudo tener su propia panadería en la parte delantera de su casa. En la actualidad trabaja desde las 05h00am haciendo panes hasta las 18h00pm es cuando termina su jornada de trabajo para poder pasar con su familia.

El quiere comprar con el préstamo levaduras, harina, lácteos para su panadería. En el futuro quiere tener sucursales de su panadería en calles principales para tener mas oportunidades de venta.

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
  • 33
    View loans »
    Ecuador Loans Fundraising
  • $26,705,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Jacinto Freddy to buy yeast, flour and dairy products.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Oct 22, 2010
Nov 19, 2010
Currency Exchange Loss:
Mar 15, 2012