A loan of $675 helped to buy paint, cement, and cement blocks to improve the apartments that he rents.

Ciro Enrique's story

Ciro, 51, has 2 children and is currently separated from his wife. He's had a business selling the most popular newspapers in Guayaquil, such as “El universo," and “La extra," and lottery tickets in the center of the city for 10 years. He works from 6am until 11am.

One of the difficulties he faces in selling newspapers is that he has a disability. He lost both arms in a work accident 20 years ago. He was working as a metalworker for a company when he was injured by an electric shock, and the doctors had to remove his arms to prevent gangrene from reaching his heart. This has made it difficult for him to do normal work like other people. However, in spite of his disability, he continues to work so that he can provide the best for his two children.

In order to generate more income he also has 2 apartments in his house that he rents out, because years ago he inherited a house and took advantage of the opportunity to build and rent out these spaces. One of the apartments rents monthly for $75, the other for $130. Ciro has a lot of aspirations for his business and his apartment rentals, and for this reason, he wants to take a loan so that he can make some improvements to the apartments. This way he can charge more rent and obtain more income. To do this, he wants to buy paint, cement, and cement blocks for the repairs to the apartments.

In the interview, Ciro told us, "My plans for the long term are to provide my children with a good education, and improve my house so that I can have more income that is independent from my business selling newspapers."

Translator profile picture

Translated from Spanish by Kiva volunteer Lisa Grobar

Loan details

Lenders and lending teams

Loan details