Ms. C. makes 6 different bolo flavors: coconut, milk, chocolate, gum, tamarindo,and mulberry. She sells each bolo for 5 cents. Fortunately, there are many schools, churches and parks nearby, so she averages 200 clients daily. The treats are a favorite after-school snack for most of the neighborhood children!
Ms. C. is widow and a mother of three (one son still lives with her). She moved to Paraiso with few possessions after her home in Bastion (another town in Guayaquil) burned down.
Recently a thief broke in to Ms.C.' home/business and robbed her. Therefore, she is requesting a loan for bricks in order to secure her livelihood.
In the future Ms. C. would like to buy a mobile freezer in order to keep her bolos cold for street sales and during rolling blackouts.
About Banco D-MIROBanco 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.
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