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David Efrain
Sr. David is 41 years old and lives in Guayaquil. He started working as a taxi driver when he lost his job. When he decided to start his own business, he purchased an automobile. He works by himself every day from 5:00 A.M. to 10:00 P.M.

David worries about the rampant crime since thieves can board his taxi whenever he drives through the most dangerous areas. He is married and his wife helps since she works for a company. They have two children who attend a state school.

David greatly wants his children to move ahead with their studies, so he sees to it that they lack nothing. With this loan, he will buy tires and pay for auto repairs. In the future, he wants to be successful and acquire a yellow cab. For now he has an informal taxi, so he would like to increase his earnings in the future.

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El Sr. David vive en Guayaquil, tiene 41 años de edad. El empezó trabajando en un taxi cuando se quedo desempleado, debido a esto decidió adquirir un negocio propio por lo que se compró un auto. Esta labor la realiza solo a diario desde las 5:00 de la mañana hasta las 10:00 de la noche en su auto.

Teme a la delincuencia ya que los ladrones que se suben al taxi abundan y las zonas en donde trabaja son lugares muy peligrosos. Está casado su esposa le ayuda trabajando en una empresa, tiene dos hijos que estudian en una escuela fiscal.

Lo que el cliente mas desea es que sus hijos sigan adelante con sus estudios y que no les haga falta nada. Con el préstamo quiere comprar llantas y para reparacion de carros. En el futuro quiere superarse y así poder adquirir un taxi amarillo ya que ahora tiene un taxi informal para tener incrementos sus ingresos en un futuro.

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
  • 40
    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 $900 helped David Efrain to buy tires and to pay for auto repairs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 18, 2013
Mar 21, 2013
Currency Exchange Loss:
Mar 27, 2014