Banco D-MIRO started in Ecuador in 1997 as a programme of Mission Allianza, a Norwegian NGO. Since 2006, the organisation operates as an independent foundation offering microfinance through a branch network in the coastal zone of Ecuador. Banco D-MIRO transferred into a regulated bank in 2011. This allows the institution to offer a broader range or pfocuts, invluding savings products. Banco D-MIRO has a strong mission to focus on the lower end of the market, especially women. In partnership with Mission Allianza, D-MIRO also offers micro-enterprise loans to people living with HIV/AIDS or their family members. Triodos Fair Share Fund has provided a loan to D-MIRO to realise further growth.
KEY INDICATORS as of 31 December 2015:
- number of loan clients: 43,631
- percentage female clients: 57%
- percentage rural clients: 0%
- average loan amount: EUR 2,080
- number of savings clients: 70,119
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.