Check out some available loans that are similar to this one!
Julio Alberto

Update on Julio Alberto

Thanks to his first Kiva loan, Julio has been able to grow his bakery so that it has been transformed into a mini-market. He is selling not only bread, but also rice, sugar, flour and other supplies for daily life. Before he received his first loan, he sold out of a basket on the street. In his mini-market, Julio continues to enjoy the support of his wife. They have no children. His big goal in life is to continue growing his business so he can offer his family a better life.
View original language description ↓
Gracias a su primer prestamo que tambien fue financiado por Kiva, Julio ha podido crecer su negocio de panaderia. Asi lo ha podido transformar en una mini-tienda, vendiendo no solo pan, sino tambien arroz, azucar, harina y otra mercaderia de la vida diaria. Antes de recibir su primer prestamo, vendia con una canasta en la calle.

En su mini-tienda, Julio sigue disfrutando de la ayuda de su esposa. Los dos no tienen hijos.

Su gran meta en la vida continua ser el crecimiento de su negocio para asi ofrecer una mejor vida a su familia.

Previous Loan Details

Julio, age 29, is a man who is very enthusiastic about his work. He recently opened a bakery because he knows how to prepare bread and related products. Currently, he works from the early hours of the morning preparing and baking bread while his wife helps him with the sales. Julio has a lot of h... More from Julio Alberto's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Ecuador

  • $10,600
    Average annual income
  • 33
    View loans »
    Ecuador Loans Fundraising
  • $26,710,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $850 helped Julio Alberto to purchase rice, sugar and flour.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Nov 17, 2011
Dec 13, 2011
Currency Exchange Loss:
Oct 15, 2012
This photo was used before for a previous loan for Julio Alberto. It was first posted on Kiva on Apr, 2011. Learn More