Flor Maria C. R. is 37 years old, separated, and has two children, both of whom attend school. She lives in the peri-urban area of Paraiso in Guayaquil. She used to sell clothing, but she always wanted to have a restaurant so she started selling lunches at her house. Flor works from Monday through Sunday. She sells “encebollado” (a typical Ecuadorian dish made of tuna, cassava, tomatoes, and onions). This is her first loan through D-MIRO and she plans to use the $1,000 loan to buy tables, chairs, and a fridge.
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.