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Alex Michael
Alex, age 26, is a young worker who has always helped his mother to make more money for the family. He lives in the Playas canton, one of the touristic locations in Ecuador with a diverse marine life. He has worked in his mother's store for a long time, but as he needed to stock it with the merchandise that his customers requested, he started to use his savings to purchase cell phone cards and recharges, etc. With his good management, he now has it stocked with various food items and cellphone refills. He works from 7 am to 10 pm. In order to continue working and helping his mother, he wants to buy cell phone cards, rice and refills. One of his goals for the store is to increase the space and buy merchandise.
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Alex de 26 años, es un joven trabajador que siempre le ha ayudado a su mama a conseguir más ingresos para su familia.

Viviendo en el cantón llamado Playas uno de los lugares turísticos del Ecuador con una diversa dimensión de mariscos. Ha trabajado administrando la tienda de la mama hace ya mucho tiempo pero como necesitaba surtirla con mercadería que solicitaban los clientes con sus ahorros empezó a comprar recargas para celulares, tarjetas para celulares etc.

Con una buena administración ahora tiene la tienda surtida con algunos viveres y recargas celulares. Trabaja desde las 07h00am hasta las 22h00pm. Para seguir trabajando y ayudar a su mama quiere comprar tarjetas celulares, arroz y recargas. Uno de sus propósitos para la tienda es incrementar el espacio y comprar mercadería.

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
  • 43
    View loans »
    Ecuador Loans Fundraising
  • $26,742,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Alex Michael cell phone refills, rice.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Nov 28, 2010
Jan 1, 2011
Currency Exchange Loss:
Apr 15, 2012