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Carlos Miguel
Carlos is a 22 year old man who hopes to prosper his fast food restaurant in the next few years. His story began when his mother had a business selling food, then was forced to close it down. Then he decided to invest in the same type of business venture, working alongside his wife since then. He carries out his work every day with his wife from 6 PM until 10 PM, at times encountering difficulties during the winter when his sales decline. They are united and work together in the business, having two children who are studying in public school. Their biggest dream is to rent a bigger stall, as well as to continue building the home of his mother, where they live. As a result, Carlos needs this loan for his fast food restaurant.
View original language description ↓
Carlos es un hombre de 22 años de edad y tiene muchas aspiraciones en los próximos años de prosperar su restaurante y comida rápida su historia empezó cuando la mama tenía un negocio de venta de comidas luego tuvieron que cerrarlo entonces el decidió invertir en esta misma actividad y desde ahí trabaja junto a su esposa, su trabajo lo hace con su esposa desde las 18:00 hasta las 22:00, si tiene dificultades es en invierno tiende a disminuir sus ventas, están unido trabajan juntos en el negocio, si tiene 2 hijos estudian en escuela fiscal, su sueño más importante es que desea alquilar un local más grande y además seguir construyendo en la casa de la mama donde vive. Por eso quiere el préstamo para su restaurante de comida rápida.

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
  • 39
    View loans »
    Ecuador Loans Fundraising
  • $26,686,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Carlos Miguel to purchase rice, oil and other provisions.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 2, 2012
Feb 29, 2012
Currency Exchange Loss:
Mar 15, 2013