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Ivan Fabricio
Ivan lives in the city of Portoviejo. He started his business when his father died; he began selling basic staples. He currently has a small store where he sells rice for $0.50 a pound, coffee for $0.25 per envelope and beverages starting at $0.20. He works Monday to Sunday from very early on. He’s married and has two children, a six-year-old and a 3-year-old.

He has many hopes for his business since it’s his family’s source of support which is why he wants to invest in food items so that his store will be better stocked. He will use the loan to buy soft-drinks, rice and dairy products.
View original language description ↓
El cliente Ivan vive en la ciudad de Portoviejo. Comenzó su negocio cuando falleció el papa, donde comenzo a vender víveres de primera necesidad.

Actualmente tiene una tienda pequeña donde vende arroz la libra a $ 0.50, cafe el sobre $ 0.25, bebidas desde $ 0.20. Trabaja de lunes a domingo desde muy temprano. Esta casado y tiene dos hijos uno de 6 años y otro de 3 años.

El tiene muchas aspiraciones con su negocio ya que es el sustento de su familia por eso quiere invertir en víveres y así tener mercadería suficiente para mejorar su negocio Con el préstamo quiere comprar bebidas, arroz, lacteos.

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
  • $26,742,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $1,100 helped Ivan Fabricio to buy soft-drinks, rice and dairy products.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 4, 2013
Jun 24, 2013
Currency Exchange Loss:
Jul 24, 2013