Angel lives in Libertad with his family - he lives with his parents as he has not yet had the possibility to get his own home. His neighborhood has all the basic services but it does not have paved roads at the moment. Angel has a small motorcycle and bicycle repair shop, and he tells us that he has many clients because there are very few people who currently do this kind of work. He has learned how to be a mechanic from a young age by helping his father, who taught him not only how to repair but also about the kind of treatment that he should give to his clients. A little while ago he decided to find his own path as he was starting a family and he needed to improve his income. He tells us that now he works from Monday through Sunday, from 8 in the morning until 7 at night, and he is able to work these hours because the shop is located next to his home. Angel tells us that he hopes to not face any further competition in this sector because things are going well and he is generating enough income for his family. With this loan, he will buy parts and a pump to improve tire repairs. He also tells us that his wife Angela works in the sale of products by catalog, and by doing so she helps him with their income. They have three children who are 5, 4, and 2 years old, and who are students in public school.
Angel vive en Libertad junto a su familiar, vive con sus padres ya que no ha tenido posibilidades para adquirir una casa propia. En su barrio cuentan con los servicios básicos pero no tiene caminos pavimentados de momento. Angel tiene un pequeño taller de reparación de motos y bicicletas, nos cuenta que tiene clientela por que pocas personas se dedican a este tipo de trabajo en la actualidad. La mecánica la aprendió desde muy pequeño ayudando a su papa, le enseño a reparación y el trato que se les debe dar a los clientes. Pasando un tiempo decidió abrirse camino propio ya que formo su familia y debía mejorar sus ingresos. Nos comenta que ahora trabaja de lunes a domingos desde las 8 de la mañana hasta las 7 de la noche, trabaja en ese horario porque el taller está ubicado junto a su domicilio. Angel nos comenta que espera no tener competencia por su sector ya que le va bien y le genera el ingreso necesario para su familia. El espera con el crédito comprar repuestos y una bomba para mejorar la vulcanizadora. También nos indica que su esposa Angela se dedica a la venta de productos por catalogo y le ayuda con la economía. Tiene 3 hijos quienes tienen 5, 4 y 2 años y son estudiantes de la escuela fiscal.
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.