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 $590,831,750
Amount of raised Inactive loans $0 $819,825
Number of raised Inactive loans 0 696
Amount of Paying Back Loans $125,200 $116,310,325
Number of Paying Back Loans 101 123,737
Amount of Ended Loans $3,488,925 $473,701,600
Number of Ended Loans 3,648 601,061
Delinquency Rate 0.00% 4.21%
Amount in Arrears $0 $3,160,641
Outstanding Portfolio $27,047 $75,153,836
Number of loanDelinquent 0 14,150
Default Rate 0.86% 1.13%
Amount of Ended Loans Defaulted $30,143 $5,347,284
Amount of Ended Loans $3,488,925 $473,701,600
Number of Ended Loans Defaulted 82 16,817
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $0 $536,853
Refund Rate 0.32% 0.77%
Amount of Refunded Loans $11,600 $4,537,625
Number of Refunded Loans 11 5,064

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 70.00% 74.18%
Average Loan Size $963 $418
Average Individual Loan Size $964 $655
Average Group Loan Size $1,200 $1,828
Average number of borrowers per group 4 8
Average GDP per capita (PPP) in local country $10,200 $3,430
Average Loan Size / GDP per capita (PPP) 9.44% 12.20%
Average Time to Fund a Loan 10.73 days 5.6 days
Average Dollars Raised Per Day Per Loan $89.73 $74.74
  Average Loan Term 11.5 months 10.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 405 295,934
  Journaling Rate 10.47% 42.37%
  Average Number of Comments Per Journal 0.24 0.08
  Average Number of Recommendations Per Journal 0.39 1.87

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 25% PY 20.00% PY 33.27% PY
  Profitability (return on assets) 0.4% 1.8% -1.45%
  Average Loan Size (% of per capita income) 24.00% 49.00% 40.88%

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