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Milton Rafael
Milton has always been a man who works. At 48, he has had several businesses in various cities. Currently, he lives in Las Orquídeas, in the northern section of Guayaquil, where he has a school supplies store where he sells various items from stationery to gift items.

He has several years of experience as a merchant, only previously, he had a hardware store in Libertad. For family reasons he decided to live in Guayaquil, so he liquidated his business and opened a school supplies store.

He runs the store without assistance from 7:00 in the morning to 6:30 in the afternoon, and likes it because he enjoys it and feels useful. With the loan he is applying for, he will buy cards, notebooks, wall charts, stuffed animals, as well as cell phone cards and top-ups.

He hopes his business grows so that he can pay the loan installments with no difficulties, and keep his store going, as it is how he supports his family.
View original language description ↓
Milton siempre ha sido un hombre de trabajo, a sus 48 años ha tenido varios negocios en distintas ciudades. Actualmente reside en las Orquídeas sector norte de Guayaquil donde tiene un bazar en el cual vende diversos artículos desde papelería hasta artículos para regalos. Su experiencia en el comercio es de varios años solo que anteriormente el tenia una ferretería en Libertad pero por cuestiones familiares decidió vivir en Guayaquil así que liquido su negocio y abrió el bazar. El atiende el negocio sin ayuda desde las 7 de la mañana hasta las 6:30 de la tarde, le gusta porque lo distrae y se siente útil. Con el crédito que está solicitando comprara cartulinas, cuadernos, laminas, peluches, tarjetas y recargas celulares. Espera que el negocio crezca para pagar sin problemas las cuotas del préstamo y seguir adelante con el mismo ya que es el sustento de su familia

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
  • $26,542,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $650 helped Milton Rafael to buy cards, notebooks, wall charts, stuffed animals, as well as cell phone cards and top-ups.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jul 16, 2012
Aug 21, 2012
Currency Exchange Loss:
Jun 18, 2013