The borrower leaves early in the morning so that he can restock his store with products. He then spends the rest of the day making sales, beginning at 8:30 A.M. The borrower is single and has no children. He wants to invest the money from his loan in merchandise for his business such as food products, school supplies, and trinkets.
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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