Ulices now has his own furniture store. He buys the furniture pieces from a factory and then sells them in his store. Every day he and his wife work together from 8am until 2pm. They sell modular storage cabinets, dresser drawers, and wooden beds. With this loan, he will buy dresser drawers and modular storage cabinets to sell in his business.
In the future, he wants to open more locations where he can sell furniture.
Ahora tiene un local de mueblería, compra los muebles en una fabrica y los vende en su local, trabaja desde las 08h00am hasta las 14h00 con su esposa todos los días, vende modulares, cajones, camas de madera. Con el préstamo quiere comprar cajones y modulares para vender en su negocio.
En el futuro quiere tener mas locales para vender muebles.
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