The borrower works in the mornings and in the evenings, approximately three hours. She is a single parent and has a two-year-old daughter who lives with her mother. For now, she needs a loan so that she can invest in the purchase of ingredients for preparing the lunches that she 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