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Sara Magdalena
Sara is an enterprising 34 year-old woman who saw the need to start her own business so that she could contribute to the household income, because due to the economic crisis the cost of living has been rising each day. She works with her sister from 7am until 3pm making food and going out in the neighborhood selling clothing. The competition is stiff, but she doesn't lose heart. They each have 2 children aged 15 and 9 who are in public school. Sara is married to Jorge, who works as an employee for a company. She wants a loan to purchase more merchandise and clothing so that she can have her own store that carries her name.
View original language description ↓
Sara es una mujer emprendedora de 34 años, que se vio en la necesidad de emprender un negocio propio para apoyar en los ingresos de su hogar ya que debido a la crisis que aumenta cada día no se abastecían con los gastos que se generan en el diario vivir. Junto a su hermana con la que trabajan desde las 7:00 hasta las 15:00 haciendo comida y recorriendo el sector vendiendo ropa. La competencia es dura indica pero no hay que desfallecer.

Tienen 2 hijos cada uno de 15 y 9 años que estudian en instituciones públicas y está casada con Jorge quien trabaja como asalariado en una compañía. Desea un préstamo para comprar más mercadería y ropa , para así poder poner un local propio que lleve su nombre.

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
  • 40
    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 $1,075 helped Sara Magdalena to buy clothing.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jul 14, 2011
Aug 18, 2011
Currency Exchange Loss:
Nov 15, 2012