Banco D-MIRO S.A.
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.
Status Update - December 18, 2014
Kiva and Banco D-MIRO have agreed to end their partnership after more than 5 years and more than $3,600,000 in loans raised. This Lending Partner has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank Banco D-MIRO for the years of collaboration and wish them success in their future endeavors.
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.
Image courtesy of Banco D-MIRO.
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Oct 23, 2009 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $3,614,125 | $2,017,905,110 | |
Amount of raised Inactive loans | $0 | $357,275 | |
Number of raised Inactive loans | 0 | 176 | |
Amount of Paying Back Loans | $0 | $157,974,050 | |
Number of Paying Back Loans | 0 | 190,165 | |
Amount of Ended Loans | $3,614,125 | $1,822,317,985 | |
Number of Ended Loans | 3,749 | 2,448,909 | |
Delinquency Rate | 0.00% | 12.69% | |
Amount in Arrears | $0 | $12,319,588 | |
Outstanding Portfolio | $0 | $97,105,837 | |
Number of Loans Delinquent | 0 | 71,382 | |
Default Rate | 0.83% | 1.83% | |
Amount of Ended Loans Defaulted | $30,143 | $33,320,922 | |
Number of Ended Loans Defaulted | 82 | 87,367 | |
Currency Exchange Loss Rate | 0.00% | 0.48% | |
Amount of Currency Exchange Loss | $0 | $12,416,364 | |
Refund Rate | 0.32% | 0.54% | |
Amount of Refunded Loans | $11,600 | $10,929,050 | |
Number of Refunded Loans | 11 | 9,661 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 70.00% | 78.39% | |
---|---|---|---|
Average Loan Size | $963 | $392 | |
Average Individual Loan Size | $964 | $586 | |
Average Group Loan Size | $1,200 | $1,906 | |
Average number of borrowers per group | 4 | 8.3 | |
Average GDP per capita (PPP) in local country | $10,600 | $5,594 | |
Average Loan Size / GDP per capita (PPP) | 9.08% | 7.01% | |
Average Time to Fund a Loan | 10.73 days | 9.06 days | |
Average Dollars Raised Per Day Per Loan | $89.73 | $43.31 | |
Average Loan Term | 11.5 months | 11.48 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 405 | 1,204,657 | |
---|---|---|---|
Journaling Rate | 10.35% | 41.97% | |
Average Number of Comments Per Journal | 0.24 | 0.02 | |
Average Number of Recommendations Per Journal | 0.39 | 0.56 |
Borrowing Cost Comparison (based on 2012 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | 25% PY | 20.00% PY | 26.44% PY | |
---|---|---|---|---|
Profitability (return on assets) | 0.4% | 1.8% | -1.28% | |
Average Loan Size (% of per capita income) | N/A | 49.00% | 0.00% |
Country Fast Facts
- Country:
- Ecuador
- Capital:
- Quito
- Official Language:
- Spanish
- Population:
- 15,654,411
- Avg Annual Income:
- $10,600
- Labor Force:
- agriculture: 27.8%, industry: 17.8%, services: 54.4%
- Population Below Poverty Line:
- 25.60%
- Literacy Rate:
- 91.60%
- Infant Mortality Rate (per 1000):
- 17.93 deaths
- Life Expectancy:
- 76.36 years