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Michael Andres
Michael lives in Guayaquil and is 19 years old. He started his business after his parents separated and he stayed with his father. It was his father who taught him this business of selling food spices.

He does this work on his own from 7 in the morning to 3 or 4 in the afternoon, and then helps his father in an auto repair shop.

He is afraid of crime, as the area where he lives and has his business is very dangerous.

He is not married and has no children, so what he earns in his work goes toward the household expenses and for supporting himself.

With the loan he wants to buy spices. His dream for the future is to set up a wholesale spice distributorship at a shop, and this way be able to have more money and help his father with his needs.
View original language description ↓
El cliente Michael vive en Guayaquil, tiene 19 años de edad. El empezó su negocio desde que sus padres se separaron y él se quedo con su papá, fue el papá que le enseño esta actividad de venta de especias para la comida.
Este trabajo lo realiza solo desde las 7:00 de la mañana hasta las 3:00 o 4:00 y después ayuda a su papá en un taller de autos.

Le teme a la delincuencia ya que por donde él vive y tiene el negocio es una zona muy peligrosa.
No está casado, no tiene hijos, por lo tanto con lo que el gana en el trabajo va para los gastos del hogar y para su sustento propio.

Con el préstamo quiere comprar especies. El sueño que quiere realizar en un futuro es poner una distribuidora de Especias en un local a mayor consumo. Y así poder tener más dinero y ayudar en su papá en lo que necesite.

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
  • 60
    View loans »
    Ecuador Loans Fundraising
  • $26,742,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Michael Andres to buy food spices.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 14, 2013
Mar 15, 2013
Currency Exchange Loss:
Mar 27, 2014