Juan is an informal merchant of clothes and electronic appliances. He lives with his wife and two kids in Guasmo of Guayaquil ( a place characterized by its predominant population of informal merchants).
He began with funds given to him by the company where he works at; he purchased merchandise like electronic appliances and clothes to sell to his friends and acquaintances. He works alone and starts very early roaming the streets to sell clothing and electronic appliances. His problem is that he doesn't have a vehicle and he has to cover dangerous territory.
With this loan, he would like to purchase more merchandise like clothing and electrical appliances for the business. In the future he would like to start a stationery for his kids.
Juan es comerciante informal de ropa y electrodomésticos, vive con su esposa y dos hijos en el Guasmo de Guayaquil (lugar caracterizado porque la mayor parte de sus habitantes son comerciantes informales).
Empezó con el dinero que le otorgo la empresa donde trabajaba, compro mercadería como electrodomésticos y ropa para vender a sus amigos y conocidos. Trabaja solo desde muy temprano recorriendo las calles para vender la ropa y los electrodomésticos. Una de las dificultades es que no tiene un vehiculo disponible y tiene que recorrer lugares peligrosos.
Con el préstamo quiere comprar mas mercadería como ropa, electrodomésticos para su negocio. En el futuro quiere tener una papelería para sus hijos.
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.