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Carmen Magdalena
Carmen relays her story from the city of Playas. She is 26 years old and a high school graduate. Carmen has a grocery store that she started in August 2011. She took the initiative to start this business because she likes being independent and there were no other stores in her area. However, she only had a small amount of capital to invest. At the moment, her store has gained acceptance since it is stocked. Carmen works Monday through Saturday from 7am to 11pm with the help of a niece. She says that she has not had to face any problems, but there is crime in her area. Carmen is currently single and has two children (ages 8 and 1).

With this loan, she will buy provisions, oil, and rice. Her dream is to expand her store, to purchase a truck for picking up merchandise for her store, and to provide her children with everything they need.

View original language description ↓
Carmen nos cuenta su historia desde Playas. Es bachiller y tiene 26 años. Posee una tienda de abarrotes la cual inicio en agosto del 2011. Su iniciativa comenzó porque le gusta ser independiente y se dio cuenta que por su sector no había tiendas como tenía un capital pequeño lo invirtió. Hasta el momento a tenido acogida ya que su tienda esta surtida. El trabajo lo realiza de lunes a sábado desde las 7 de la mañana hasta las 11 de la noche con la ayuda de una sobrina. Camen nos indica que no a tenido inconveniente pero que si hay delincuencia en su sector. Actualmente está soltera y tiene 2 niños de 8 y 1 año de edad. Con el crédito va a comprar víveres, aceite, arroz. Su sueño es ampliar su tienda, comprar una camioneta para realizar ella misma sus comprar y así brindarle a sus hijos todo lo que necesiten.

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
  • 59
    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 $1,700 helped Carmen Magdalena to buy provisions, oil, and rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 11, 2012
May 21, 2012
Currency Exchange Loss:
Apr 18, 2013