Jimmy lives in a peri-urban area called Perimetral. He has been working as an informal taxi driver so that he can have his own income and not have to be dependent. He works from 6.00am to 8.00pm every day, making journeys for between $1.00 and $15.00. This has enabled him to support himself.
As he lives in a place that is restructuring, he would like to use his loan to buy building materials such as cement, blocks and paint to improve his home since his house is made from brick. In the future, he would like to buy another car and have a family.
Viviendo en una zona periurbana llamada Perimetral ha estado trabajando como taxista informal para tener sus propios ingresos y no estar sujeto a dependencia. Trabajando desde las 06h00am hasta las 20h00pm todos los días, haciendo carreras desde $ 1.00 hasta $ 15.00 ha podido mantenerse.
Pero como él vive en un lugar que recién se está reestructurando quiere comprar con el préstamo materiales de construcción como cemento, bloques y pinturas para mejora su vivienda ya que su casa es de ladrillos. En el futuro quiere comprar otro carro y formar un hogar.
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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