Twenty-five years ago, the company that Napoleon worked for went out of business. He used the money from his severance pay to buy groceries and opened a small store in the front part of his house. With a little bit of dedication, he was able to stock his store and add a bakery. He currently works from 6am preparing bread and then opens his business and looks after it until 10pm. Each loaf of bread sells for $0.07/each, a pound of sugar for $0.25, and a liter of milk for $0.85.
Napoleon will use the loan to buy sugar, rice, and flour for both his store and bakery, thereby increasing his operating capital. In the future, he wants to grow his business and attract more customers.
Hace 25 años lo liquidaron de una empresa donde trabajaba aprovecho el dinero que le dio la empresa y compro víveres para ubicar una pequeña tienda en la parte delantera de su casa, poco a poco con dedicación a podido surtir su tienda con una panadería. En la actualidad trabaja desde las 06h00am preparando panes hasta que termina y abre el negocio lo atiende hasta las 22h00pm. Cada pan lo vende a $ 0.07c/u, la libra de azúcar a $ 0.25, litro de leche a $ 0.85 etc.
Con el préstamo quiere comprar azúcar, arroz, harina para su tienda/panadería y así incrementar su capital de trabajo. En el futuro quiere que su negocio crezca y tener mas clientela.
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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