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Marcelo Francisco
Sr. Marcelo is 42 years old and lives in La Libertad. His story begins when he decided to sell salt in his neighborhood as a way of generating income for the household expenses. He did very well with his sales, so he expanded to other parts of the area, selling bags of salt.

Marcelo and his wife work together every day of the week. The only difficulty he faces in his business is the lack of transportation. The merchandise is very heavy. Since they must travel by foot, Marcelo and his wife are usually very tired. He is married and his wife also sells salt. They have children, but all of them are grown.

Marcelo will use this loan to buy salt by the quintal (1 quintal = 100 kg) so that he can sell to more customers. His dreams for the future include having his own salt micro-enterprise.

View original language description ↓
El Sr. Marcelo vive en La Libertad, el tiene 42 años de edad. Su historia empieza cuando él decide vender sal en el sector para tener ingresos para poder pagar los gastos del hogar y como le fue bien con las ventas empezó a ampliar más sus recorridos por el sector, vendiendo sal en fundas.

El realiza su trabajo junto a su esposa, todos los días de la semana. La única dificultad que se presenta en su negocio es el transporte, se le hace muy pesado la movilización de su mercadería y también la distancia que hay que caminar, es muy cansado para los dos. El está casado, su esposa también vende sal. El tiene hijos pero todos ya son mayores.

El usara el préstamo para comprar quintales de sal y poder vender a mas clientes. Sus sueños para el futuro son de poder tener su propia microempresa de sal..

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
  • 39
    View loans »
    Ecuador Loans Fundraising
  • $26,686,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Marcelo Francisco to buy salt in bulk.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 15, 2013
Apr 14, 2013
Currency Exchange Loss:
May 6, 2014