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Marcelino Angel
Marcelino learned the baking trade several years ago from a friend. After learning about baking, he decided to start his own business. Marcelino has a place in his home that is well-equipped to make his products. His only helper is his son, with whom he prepares baked goods from 5:00 am until 8:00 am, and then works from 4:00 pm to 6:00 pm selling the goods. In his bakery, Marcelino sells cakes, sweet breads, salty bread, filled pastries, turnovers, etc.--all kinds of treats to enjoy. Marcelino is thinking of growing his business, and this is why he is applying for a loan. With the loan, he will buy ingredients such as flour, yeast, butter, salt, and more. In the future, Marcelino hopes to improve his income enough that he is able to pay back his loan and still be able to remodel his workspace.
View original language description ↓
Marcelino aprendió la pastelería hace varios años por un amigo quien le enseño la actividad luego de esto decidió iniciar su propio negocio. En la actualidad tiene un local en su vivienda bien equipado para realizar el producto, como único ayudante lo tiene a su hijo con quien prepara el producto desde las 5 de la mañana hasta las 8:00 y luego en la tarde desde las 16:00 hasta las 18:00 para su venta. En su panadería vende tortas, panes de dulce, sal, rellenos, empanada etc., toda clase de dulces para degustar. Marcelino piensa agrandar su negocio es por esto que solicita el crédito ya que comprara los ingredientes para la preparación como harina, levadura, manteca, sal y demás. Espera a futuro mejorar sus ingresos de tal manera que pueda pagar el crédito y poder empezar la remodelación del local.

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
  • 24
    View loans »
    Ecuador Loans Fundraising
  • $26,466,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,350 helped Marcelino Angel to purchase flour, yeast, butter, and salt.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Jul 5, 2012
Aug 12, 2012
Currency Exchange Loss:
Mar 15, 2013