Banco D-MIRO (D-MIRO) started in Ecuador in 1997 as a programme of Mission Allianza, a Norwegian NGO. Since 2006, the organisation has operated as an independent foundation offering microfinance through a network or eight branches in the coastal zone of Ecuador. D-MIRO transferred into a regulated bank in 2011. This allows D-MIRO to offer a broader range or pfocuts, invluding savings products. 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. Hivos-Triodos Fund, Triodos-Doen, Triodos Fair Share Fund and Triodos Microfinance Fund have provided loans to D-MIRO to realise further growth.
KEY INDICATORS D-MIRO at year-end 2012:
- number of loan clients: 42,752
- percentage female clients: 60%
- percentage rural clients: 0%
- average loan amount: EUR 863
- number of savings clients: 19,466