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Angel Melecio
This borrower lives in Machala. Years ago, he started this business selling slippers on credit, going around the center of the city to sell. He is married, and his wife helps him with the business, selling to neighbors in the area where they are living. He also has 2 children who attend public school. He needs the money from this loan to invest in merchandise for his business.
View original language description ↓
El cliente vive en Machala. Inició en esta actividad años atrás, vendiendo zapatillas a crédito y recorriendo el sector céntrico de la ciudad. Es casado y su esposa le ayuda en su negocio vendiéndole a los vecinos del barrio donde están viviendo. También tiene 2 hijos que asisten a la escuela fiscal. Necesita el dinero del préstamo para invertir en mercadería para su negocio.

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
  • 71
    View loans »
    Ecuador Loans Fundraising
  • $25,584,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $1,100 helped Angel Melecio to buy merchandise for his business (slippers).
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 26, 2013
Jul 17, 2013
Currency Exchange Loss:
Aug 16, 2013