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Abel Rodolfo
Abel is 55 years old and has a bakery where he also sells some groceries of primary need. He lives in a densely populated suburb of Guayaquil where the majority of the inhabitants are merchants. He saw the necessity of having a business 10 years ago because he had five young children, but since he was living in Valsar (a village outside of Guayaquil) he did not have a lot of opportunities. When his children graduated he went to live in Guayaquil and since he couldn't find work he decided to start his bakery and stocked it with some groceries so he could attract more people. He currently works from 4 p.m. to 5 p.m. making dough for his bread and on the following day he starts selling the breads from 5:30 a.m. until 10 a.m. With the loan he wants to purchase flour and lard so he can make more bread for his business. In the future he wants to finish construction on his home and make improvements to his bakery.
View original language description ↓
Abel de 55 años, tiene una panadería y también vende algunos víveres de primera necesidad. Vive en una zona urbana llamada suburbio de Guayaquil y caracterizada porque la mayoría de habitantes son comerciantes.

Hace 10 años atrás tuvo la necesidad de tener un negocio ya que tenía 5 hijos que estaban pequeños, pero como vivía en “Valsar” (un cantón fuera de Guayaquil) no tenía muchas oportunidades de tener su negocio. Cuando sus hijos se graduaron el fue a vivir a Guayaquil y como no encontró trabajo opto por tener su panadería y la surtió con algunos víveres para que sea más atrayentes para las personas. En la actualidad trabaja desde las 16h00 hasta las 17h00 haciendo la masa de los panes y a partir del día siguiente a las 05h30 hasta las 10h00am comienza a vender los panes.

Con el préstamo quiere comprar harina, manteca para tener la oportunidad de hacer más panes para su negocio. En el futuro quiere terminar de construir su casa y mejorar su panadería.

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

Success!! The loan was 100% repaid

A loan of $900 helped Abel Rodolfo flour, lard.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 27, 2010
Dec 1, 2010
Currency Exchange Loss:
Dec 15, 2011