The borrower is separated from her spouse and has four children who are studying at state schools at either the elementary or high school level. She needs to invest the money from her loan in merchandise (cosmetics and beauty products) for her business.
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.
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Success!! The loan was 100% repaid