Mr. Z. used to work in a food market called Montebello. One day he decided to bring some vegetables home to sell. He sold the products rapidly, so he decided to create a mini market in his home, and little by little it has grown. Now he has expanded it into a bazaar. He works from 6 a.m. to 10 p.m. with his wife. Their best-selling items are rice, shampoo and cola.
Mr. Z. is trying to augment the bazaar portion of his store, so he is requesting a loan to buy clothes, stuffed animals and makeup. He says these items are especially popular around the holidays. Transportation of products is a huge obstacle for him, so in the future he hopes to have a vehicle. Any assistance in helping Mr.Z.`s business grow is very much appreciated!
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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Success!! The loan was 100% repaid