The borrower generally works alone, although he sometimes receives help from his siblings. He is single and has no children. The borrower needs a loan so that he can buy flour, additives, and other supplies for making the baked goods that he sells.
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