Alicia starts very early preparing “fritada” for her established customers. She has many aspirations for her business, which includes continuing to make more traditional dishes. Now she wants to use this loan to buy construction materials for making improvements to her home such as cement, sand, and blocks.
Trabaja desde muy temprano haciendo fritada para sus clientes fijos. Tiene muchas aspiraciones con su negocio por eso quiere continuar haciendo más paltos típicos. Pero por ahora quiere el préstamo para comprar materiales de construcción y asi mejorar su casa como cemento, arena y bloques.
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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Success!! The loan was 100% repaid