Ramiro, aged 32, lives in the built-up area of El Guasmo. (The name is derived from Guazuma ulmifolia, the scientific name of a species of trees that is known by the common name of bastard cedar or bay cedar.) El Guasmo was formerly a ranch. Now it is a working-class neighborhood of Guayaquil with people of humble origin. Ramiro lives in a house built with cement, where all basic utilities are available. His wife works in a cafeteria, which is a family business. They have two children, aged 3 and 2.
Ramiro owns a bakery. He is currently employed. He wants to use the loan to install his bakery at home. He works in his business in the afternoon, while his mother helps him in the morning. Thanks to the loan, he will be able to invest in his bakery and buy flour, milk and eggs to produce more bread. For the future he has several goals: he wants to become a home-owner, his business should expand, his wife can work in it, and he wants to stay with the microfinance institution D-MIRO.
Ramiro de 32 años, vive en una zona urbana en el Guasmo (fue nombrado así debido a la especie de árboles Guazuma ulmifolia. El Guasmo es un barrio popular, de clase humilde, que anteriormente era una hacienda) de Guayaquil, su casa es de cemento y si cuenta con todos los servicios básicos, su esposa trabaja en un comedor la cual es un negocio familiar y tienen 2 hijos de 3 y 2 años. Tiene una panadería.
En la actualidad es asalariado y con el préstamo quiere implementar su panaderia en la casa, labora en el negocio en las tardes ya que la mama lo ayuda en las mañana. Con la ayuda del préstamo quiere invertir en su negocio de panadería, es decir comprar harina, lacteos, huevos para hacer mas panes. En un futuro quiere tener su casa propia, que su negocio crezca y su esposa pueda estar en el y seguir con D-miro.
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.