Peter is 63 years old. He rents umbrellas to tourists on the beach. He lives in an area called “Beaches”, one of the tourist locations in Ecuador that has a large variety of shellfish.
It has been thirty-five years since his mother-in-law died and he started working in the business that she left behind in order to continue the family business. He effectively runs his business, so many tourist know where to go to rent umbrellas. He works from 6am until 5pm on the beach renting umbrellas for $5.00 including a chair. Tents rent for about $5.00, depending on their size.
In order to continue with his business, he would like to buy, with this loan, umbrellas, tents, and chairs for his customers so that he will have a variety of products. In the future he would like to have a booth on the beach in order to provide better service to his customers.
Pedro de 63 años, alquila parasoles para los turistas en la playa. Vive en un cantón llamado Playas uno de los lugares turísticos del Ecuador con una diversa dimensión de mariscos.
Hace 35 años su suegra murió y el comenzó administrar el negocio que ella tenía para que el trabajo familiar continúe. Por la buena administración que ha hecho con el negocio lo conocen muy los turistas para alquilar parasoles. Trabaja desde las 06h00am hasta las 17h00 en la playa alquilando cada parasol a $ 5.00 incluido sillas, carpas a $ 5.00 según sea el tamaño.
Para continuar con su negocio el quiere comprar con el préstamo parasoles, carpas, sillas para que sus clientes tengan más variedad. En el futuro quiere tener un local frente a la playa para darle un mejor servicio a sus clientes.
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.