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Juan Alberto
Juan is 39 years old and lives in Suburbio de Guayaquil. He has a shoemaking workshop in the living room of his house with a sewing machine and a table for cutting leather. He started his business as a game, learning how to make shoes. However, over time he realized that he would like to start working privately. He does not work alone but has two assistants who each have different duties. He invests $2.30 into making his shoes and sells each pair for $5.50, making a profit of $3.20 which allows him to cover his costs and expenses. The biggest competition he has is the Chinese market because, owing to their high production volume, their products are cheaper. He adds that customers see the cost but not the quality. Juan will use his loan money to increase his working capital. He will buy insoles, leather, tacks and thread. He hopes, in the future, to grow his business so that he can finish building his house.
View original language description ↓
Juan de 39 años vive en el Suburbio de Guayaquil, en su domicilio tiene adecuada la sala de su casa donde ubico su zapatería, tiene una maquina cosedora y una mesa para realizar los cortes del cuero. Comenzó el negocio como un juego aprendiendo como confeccionar los zapatos pero con el tiempo se dio cuenta que le gustaba emprendiendo el negocio de manera particular. El trabajo no lo realiza solo, tiene 2 ayudantes los cuales tienen a su cargo determinadas funciones. El costo que invierte en la creación de las zapatillas es de $2.30 y lo vende a $ 5.50 obteniendo una ganancia de $ 3.20 lo que le permite cubrir costos y gastos. La mayor competencia que tiene es el mercado chino ya que por volumen sus productos son más económicos, a esto se suma que los clientes ven el costo pero no la calidad. Juan empleara el dinero del préstamo para aumentar su capital de trabajo comprando plantillas, cuero, clavo e hilos. Espera a futuro crecer en el negocio para poder terminar la construcción de su casa.

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
  • 71
    View loans »
    Ecuador Loans Fundraising
  • $25,584,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Juan Alberto to buy insoles, leather, tacks and thread.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 12, 2012
Jul 19, 2012
Currency Exchange Loss:
Jul 17, 2013