The borrower has been separated for 10 years from her ex-husband, who traveled to Spain and married another woman. Since then, she has raised her two children. One is now grown and has a job, which helps out financially. The other one is in the first year of high school.
The borrower wants to invest the money from the loan in the purchase of more merchandise (trinkets and shoes) so that she can continue her sales.
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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