A loan of $1,175 helped to buy flour, milk and eggs for his bakery.

Ramiro Eduardo's story

Ramiro, aged 32, lives in the built-up area of El Guasmo. (The name is derived from Guazuma ulmifolia, the scientific name of a species of trees that is known by the common name of bastard cedar or bay cedar.) El Guasmo was formerly a ranch. Now it is a working-class neighborhood of Guayaquil with people of humble origin. Ramiro lives in a house built with cement, where all basic utilities are available. His wife works in a cafeteria, which is a family business. They have two children, aged 3 and 2.

Ramiro owns a bakery. He is currently employed. He wants to use the loan to install his bakery at home. He works in his business in the afternoon, while his mother helps him in the morning. Thanks to the loan, he will be able to invest in his bakery and buy flour, milk and eggs to produce more bread. For the future he has several goals: he wants to become a home-owner, his business should expand, his wife can work in it, and he wants to stay with the microfinance institution D-MIRO.

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Translated from Spanish by Kiva volunteer Robert Mouris

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