This borrower is from the city of Quevedo. He started some time ago when his father taught him the business of selling “morocho” (a warm corn pudding). With the help of God, he was able to make progress and purchase all of his equipment and supplies. He works at his vending stall with his wife. Together they travel to different neighborhoods in order to sell their product. The borrower is in a common-law relationship and has a daughter who attends a state school in the area. In the future he would like to have a house of his own and a car. Most importantly, he wants to remain healthy so that he can provide whatever his daughter needs.
For now, the borrower needs a loan so that he can buy a cart and chairs for his business.
El cliente es de la ciudad de Quevedo. Empezó tiempo atrás cuando su papá le enseñó el negocio de la venta de morocho, y con la ayuda de Dios, ha podido progresar y comprar todas sus pertenencias. Trabaja en su puesto con su esposa, y juntos recorren varios sectores vendiendo su producto. Se encuentra en estado de unión libre y tiene una hija, quien estudia en el colegio fiscal del sector. A futuro, desea tener su casa propia y un carro, pero más importante, salud para poder darle lo necesario a su hija. Ahora necesita el crédito para la compra de una carreta y sillas para su negocio.
About Banco D-MIRO
Banco 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.