Carlos Humberto is 25 years old and single. He lives in the South-Eastern part of Guayaquil, an area called Fortin. His house is made of cement, and he has electricity but no running water. Ten years ago, Carlos Humberto started working as a computer maintenance assistant for a computer firm. Soon after, he decided to start his own cyber café.
He opens every day in the morning, as soon as he returns from the university. Due to high delinquency in the area, he was forced to protect his cyber café with electronic bars. Customers can use the internet by paying $1 for every 2 hours.
Carlos Humberto plans to use his $1,000 loan for keyboards and programs. His goal for the future is to start a cyber café in the city center and to finish his studies at his university.
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.