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Jorge Libardo
Jorge, 50, lives in Suburbio de Guayaquil, a periurban zone in Guayaquil. He manufactures leather shoes to sell at wholesale and retail. He’s been doing this since he was 16-years-old since he learned it from his parents.

At first, he only worked as an assistant but when his wife abandoned him he decided to buy a machine and open his own business. The decision was a good one because since then his profits improved and he’s been able to provide security for his children.

He set aside a room in his house where he installed his sewing machine and the cutting machine. He also has some shelves to display the merchandise once it’s finished. He works every day and his two children help him in the morning because they attend school in the afternoon.

He will use the requested loan to buy leather and soles to make sandals. Jorge has four children attending private school and his dream is to be able to help them with their university education.
View original language description ↓
Jorge tiene 50 años y vive en el Suburbio de Guayaquil zona periurbana de Guayaquil. El se dedica a la confección de zapatos de cuero para la venta al mayor y menor. Este oficio lo realiza desde que tenía 16 años de edad ya que lo aprendió de sus padres, al principio solo trabaja de ayudante pero cuando su esposa lo abandono decidió comprar una maquina y poner el negocio de manera independiente. La decisión que tomo fue muy acertada ya que desde ese momento mejoraron sus ganancias y ha podido brindarles seguridad a sus hijos. En su domicilio arreglo su sala donde ubico la máquina de coser y la cortadora, también tiene unas perchas para colocar la mercadería una vez terminada. El trabajo lo realiza todos los días y le ayudan sus 2 hijos en la mañana porque en la tarde asisten al colegio. Con el crédito que está solicitando comprara cuero y plantillas para la producción de las zapatillas. Jorge tiene 4 hijos quienes estudian en el colegio particular su sueño es poder ayudarle a sus hijos con los estudios universitarios.

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
  • $26,538,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Jorge Libardo to buy leather and soles.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 12, 2012
Jul 18, 2012
Currency Exchange Loss:
Jul 17, 2013