Yaxenia Magali G. C. lives with her husband and 4 year old son in the Paraiso district of Guayaquil. While her husband works as a guard for a local bank, Ms. G. sells rice to neighbors out of her home. Every 22 days, Mr. G. drives approximately 2.5 hours to Marabi in order to buy 15 sacks of rice for his wife to sell. They are able to buy each sack of rice for 21 dollars and sell the rice in smaller increments for a total of 40 dollars per sack.
Ms. G. is requesting a loan in order to buy more sacks of rice. This will allow her family to buy a greater quantity of sacks at a lower rate per sack. In the future, she hopes that profits from rice sales will allow her to fix the rooms of her house. Ms.G. is thankful for any support you may be able to provide her business so that her family may prosper.
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.