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Jack Merlin
Jack, 57, lives in an urban zone in El Guasmo, so called because of a species of tree: Guazuma ulmifolia. El Guasmo is a low-income neighborhood which used to be a hacienda in Guayaquil. His wife’s a housewife and he has adult children. His activity is an auto repair shop.

He started a few years back and chose the activity of repairing cars because he learned how when he was still a little boy. The shop is open from 8am to 6pm.

With help from the loan he wants to buy more spare parts to sell and to use to repair his customers’ cars in order to increase profits. In the future, he’d like to expand his repair shop.
View original language description ↓
Jack de 57 años, vive en una zona urbana en el Guasmo (fue nombrado así debido a la especie de árboles Guazuma ulmifolia. El Guasmo es un barrio popular, de clase humilde, que anteriormente era una hacienda) de Guayaquil, su esposa se dedica al hogar y tiene hijos mayores de edad. Su actividad es el taller de automotriz.

Comenzó hace unos años atrás y escogió esa actividad de arreglar autos porque desde pequeño aprendió hacerlo, taller de 8H00 am a 6H00 pm. Con la ayuda del préstamo desea comprar mas repuestos para sus respectivas ventas a la vez para arreglos de vehículos para sus cliente a así aumentar sus ganancias. En un futuro quiere ampliar su taller.

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
  • 41
    View loans »
    Ecuador Loans Fundraising
  • $26,541,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Jack Merlin to buy automobile spare parts.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 30, 2011
Jun 24, 2011
Currency Exchange Loss:
Jul 15, 2012