Last updated September 13, 2013

Partner Description:

Banco D-MIRO was founded in 1997 when Mission Alliance created it as a microfinance program to promote the development of the most vulnerable sectors of Ecuador’s economy. It officially became a bank in 2011, opening 14 offices in five provinces and providing 35,000 local borrowers with financial services.

The organization targets marginalized families and micro-entrepreneurs who have been excluded from the traditional financial system for reasons including culture, gender, race, poverty, disability and illness.

D-MIRO’s financial offerings include a variety of special microcredit products, including loans for housing, education, and medical treatment. It even provides subsidized loans for the disabled and HIV-positive borrowers, students and young entrepreneurs who are considered too risky by other institutions.

In addition to credit, D-MIRO provides all of its clients and their dependents with free health and life insurance.

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Image courtesy of Banco D-MIRO.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 23, 2009 Oct 12, 2005
Total Loans $3,614,125 $573,010,825
Amount of raised Inactive loans $0 $311,275
Number of raised Inactive loans 0 306
Amount of Paying Back Loans $229,175 $117,333,875
Number of Paying Back Loans 195 122,956
Amount of Ended Loans $3,384,950 $455,365,675
Number of Ended Loans 3,554 580,312
Delinquency Rate 0.00% 3.62%
Amount in Arrears $0 $2,773,489
Outstanding Portfolio $63,295 $76,542,883
Number of loanDelinquent 0 11,589
Default Rate 0.89% 1.08%
Amount of Ended Loans Defaulted $30,143 $4,927,943
Amount of Ended Loans $3,384,950 $455,365,675
Number of Ended Loans Defaulted 82 15,212
Currency Exchange Loss Rate 0.00% 0.07%
Amount of Currency Exchange Loss $0 $406,266
Refund Rate 0.32% 0.78%
Amount of Refunded Loans $11,600 $4,479,350
Number of Refunded Loans 11 5,008

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 70.00% 74.23%
Average Loan Size $963 $418
Average Individual Loan Size $964 $656
Average Group Loan Size $1,200 $1,823
Average number of borrowers per group 4 8
Average GDP per capita (PPP) in local country $10,200 $3,442
Average Loan Size / GDP per capita (PPP) 9.44% 12.16%
Average Time to Fund a Loan 10.73 days 5.5 days
Average Dollars Raised Per Day Per Loan $89.73 $76.14
  Average Loan Term 11.5 months 10.24 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 405 286,081
  Journaling Rate 10.64% 42.44%
  Average Number of Comments Per Journal 0.24 0.08
  Average Number of Recommendations Per Journal 0.39 1.94

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Portfolio Yield 25.00% 20.00% 33.65%
  Profitability (return on assets) 0.4% 1.8% -1.29%
  Average Loan Size (% of per capita income) 24.00% 49.00% 41.84%

Country Fast Facts

Field Partner Staff

Ricardo Argudo
Danny Castro
Rubi Chaca
Pasante D-miro
Stalin Granillo
Elssye Litardo
Elssye Litardo
Lizeth Lopez
Carlos Palan
Mabel Rojas
Héctor Victores