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Ecuador > Fundacion D-MIRO Mision Alianza


The Norweigan Missionary Alliance (Misión Alianza de Noruega) is an NGO that was founded in 1901 and began working in Ecuador in 1994. It operates in-country as a registered NGO, with its headquarters in the coastal city of Guayaquil. In October 1997, the organization established a microcredit program entitled the Programa de Microcreditos D-Miro, with its central office in the marginalized area of Isla Trinitaria in the southern part of Guayaquil. D-MIRO has a network of nine offices in the Guayaquil area, and they provide over 30,000 borrowers with credit services.

Their target markets are families and microentrepreneurs that have been marginalized from the traditional financial system for different reasons (culture, sex race, poverty, etc). In 2006, the Misión Alianza’s credit program spun off to form its own NGO focused solely on microcredit services.

Vision: D-MIRO’s institutional vision is to be a national organization, based on the gospel of Jesus Christ, that compels and promotes the diaconal life to restructure the Ecuadorian community.

Mission: D-MIRO’s mission is to be a microfinance institution that contributes to the improvement of the quality of life in marginalized areas of Ecuador, providing agile and opportune services that reflect confidence in our clients, based on Christian values that evidence God’s love.

Kiva Help Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 23, 2009 Oct 12, 2005
Total Loans $121,375 $118,121,935
Amount of Raised Inactive Loans $0 $147,475
Number Of Raised Inactive Loans 0 212
Amount of Paying Back Loans $121,375 $50,404,975
Number Of Paying Back Loans 172 68,278
Amount of Ended Loans $0 $67,569,485
Number Of Ended Loans 0 99,368
Delinquency Rate 0.00% 4.10%
Amount of Paying Back Loans Delinquent $0 $2,067,573
Amount of Paying Back Loans $121,375 $50,404,975
Number of Paying Back Loans Delinquent 0 7,071
Default Rate 0.00% 1.73%
Amount of Ended Loans Defaulted $0 $1,170,399
Amount of Ended Loans $0 $67,569,485
Number Of Ended Loans Defaulted 0 3,524
Currency Exchange Loss Rate 0.00% 0.00%
Amount of Currency Exchange Loss $0 $0
Refund Rate 1.79% 1.05%
Amount of Refunded Loans $2,175 $1,240,850
Number Of Refunded Loans 3 1,583
Updated as of February 9, 2010 12:37 AM

Kiva Help Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Entrepreneurs 70.45% 78.07%
Average Loan Size $683 $401
Average Individual Loan Size $700 $595
Average Group Loan Size $1,200 $1,545
Average Number Of Entrepreneurs Per Group 4 0
Average GDP Per Capita (PPP) in Local Country $4,776 $3,429
Average Loan Size / GDP Per Capita (PPP) 14.78% 11.69%
Average Time To Fund A Loan 1.40 days 2.45 days
Average Dollars Raised Per Day Per Loan $487.57 $163.61
  Average Loan Term 8.79 months 9.27 months
Updated as of February 9, 2010 12:37 AM

Kiva Help Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 14 60333
Journal Coverage 7.43% 29.53%
Journal Coverage, Kiva Fellows 0.00% 0.19%
  Journal Frequency (Average Per Loan Per Year) 0.73 0.31
  Average Number Of Recommendations Per Journal 0.93 8.88
Updated as of February 9, 2010 12:37 AM

Kiva Help Borrowing Cost Comparison

    This Field Partner Median for MFI Peers in Country All Kiva Partners
  Average Interest Rate and Fees Borrowers Pay (Portfolio Yield) 31% 20% 35.22%
  Average Partner Return On Assets (Average Profitability) 1% 2% -0.47%
  Average Loan Size (% of Per Capita Income) 22% N/A 43.94%

Field Partner Staff

Danny Castro
Rubi Chaca
Ingeborg Lindheim
Elssye Litardo
Leigh Madeira
Héctor Victores

Kiva Help Country Fast Facts

Country: Ecuador
Capital: Quito
Official Language: Spanish (official), Amerindian languages (especially Quechua)
Population: 13,212,742
Avg Annual Income: $4,776
Labor Force: agriculture 30%; industry 25%; services 45%
Population Below Poverty Line: 65%
Literacy Rate: 92.50%
Infant Mortality Rate (per 1000): 24.49 deaths
Life Expectancy: 76.01 years
Currency: United States Dollars