The borrower works every day and makes deliveries to various places throughout the city. He is married and his wife helps him each day with making sales and taking orders. They have a young son. For now, the borrower wants to use his loan by investing in more merchandise (sacks of rice) that he can sell.
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