Michell is a 19 year old entrepreneur. She lives with her parents in a house made of concrete in an area called “Suburbio” in the city of Guayaquil. The area is called suburbio because most of its inhabitants are small business owners.
Michell likes sales and two years ago she started a small store of her own. Her mother attends to the customers in the mornings when Michell is at the university and Michell takes over in the afternoons.
She tries to sell a variety of products: personal hygiene and milk products but also food like ham. She plans to use her loan to buy more milk products and sodas.
In the future she hopes to increase the variety of products offered at her store. She hopes to include clothing items as well. Her biggest fear is that she and her mom would both get sick and there would be no one to attend to the store. She hopes her parents will stay healthy.
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.