Posts tagged ‘D-Miro’

Producto Creer: How for a Bank Doing the Right Thing Can Pay Off

By Emmanuel M. von Arx, KF16, Guayaquil (Ecuador)

My host and Kiva´s partner organization Banco D-MIRO provides over ten different types of microloans to borrowers in and around Guayaquil: among them loans to finance housing improvements, school expenses, medication, and loans awarded specifically to employees, young clients with a business idea but no experience, and – as Ecuador´s only microfinance institution – discount loans for HIV-positive micro-entrepreneurs. Yet, one borrower group beats all other borrowers in their dedication and commitment to paying back their loans on time: the well over 400 disabled borrowers of Banco D-MIRO, whose payment discipline has turned “their” loan – “Producto Creer” (“Product Believe”) – into the most successful and inspirational product of D-MIRO´s extensive spectrum. The delinquency rate of Producto Creer is by far lower than that of any other major micro-loan type of Banco D-MIRO, which means that borrowers of Producto Creer are better at paying back their monthly rates than any other client group! In these times of economic and social turmoil, Banco D-MIRO´s Producto Creer may be a much needed reminder that it may pay off for banks to do the morally right thing.

Continue Reading 20 December 2011 at 04:00 1 comment

A Typical Day in the Life of a Kiva Fellow: Loan Officer Training (Video Blog Post)

By Emmanuel M. von Arx, KF 16, Guayaquil (Ecuador)

Video posts on a “typical day” in the life of a Kiva Fellow are a time-honored tradition on the Fellows Blog. Without any more words, here is my contribution to the video series of documenting a typical day in the life of a Kiva fellow. Like all previous contributors to the series, I am keenly aware that there is no “typical day” for Kiva Fellows. But taken together, the growing number of “typical day”-videos may at least convey something of the diversity, unpredictability, spontaneity, and joy that a typical untypical day of a Kiva Fellowship entails. Enjoy!

Continue Reading 6 December 2011 at 04:00 3 comments

Visiting an HIV-Clinic in Guayaquil (Part II)

By Emmanuel M. von Arx, KF16, Guayaquil (Ecuador)

One of the great joys and privileges of being a Kiva Fellow is to go along with loan officers when they are meeting Kiva borrowers and new clients. One of my most memorable outings was a visit of an HIV-clinic in a public hospital in Ecuador´s largest city Guayaquil. In the first part of this blog post I recounted how I drove with Nahin Alvarado from Banco D-MIRO´s headquarters on Guayaquil´s Isla Trinitaria to the HIV-clinic at Hospital Abel Gilbert. Nahin is the bank´s loan officer specializing in HIV-positive and/or disabled clients who have the right to receive a discount micro-loan. And Banco D-MIRO is the only micro-institution in all Ecuador to provide financial products especially for these two long-excluded client groups.

Nahin is talking to a patient outside of Guayaquil´s HIV clinic

While Nahin is presenting the bank´s special loan products to the patients in the HIV- clinic´s crowded waiting room, Franklin walks towards me. A strong man in his forties, Franklin is the leader and community organizer of FUSAD (Frente Unido por la Salud y los Derechos – in English: United Front for Health and Rights), a self-help and support group for HIV-positive people, based at the hospital and well known for the professional education courses they provide to their members.

Continue Reading 15 November 2011 at 12:00 4 comments

Visiting an HIV-Clinic in Guayaquil (Part I)

By Emmanuel M. von Arx, KF16, Ecuador

“Don’t be scared to shake the hand of a client with HIV or to drink out of his glass. You cannot get infected that way.” This was the message that Nahin Alvarado repeated over and over during a training session in September with a group of twelve new and somewhat incredulous loan officers of Banco D-MIRO, when I first met him. A loan officer himself, Nahin has been with Banco D-MIRO for over two years, focusing on two very special client groups who – not just in Ecuador – have long suffered from discrimination and lack of access to financial services: micro-entrepreneurs who are HIV-positive or disabled. The moment I heard Nahin so forcefully speak up on behalf of HIV-positive clients, I knew that I wanted to spend a day with him in the field.

Continue Reading 2 November 2011 at 08:00 3 comments

What´s Easier Than Getting Robbed in Guayaquil?

By Emmanuel M. von Arx, KF 16, Ecuador

As much a therapy session as a blog entry, this is the narrative of a recent robbery incident in Guayaquil: It happened two hours ago and my co-workers and I can still feel the shock in our bones. This day had begun like a normal day: At 7.30am Rubi Chaca – the Kiva Coordinator of Banco D-MIRO -, her 16-year old intern Joel Kenny Matias, and I had met outside of the bank´s headquarters, where we were picked up by Roberto, the official driver of the bank. He drove us to the branch office of Guasmo where we gave a training session to the local loan officers, reminding them about Kiva and explaining to them why it is so important that they keep finding micro-entrepreneurs who agree to be listed with their name and photo on Kiva´s website.

Continue Reading 18 October 2011 at 16:00 9 comments

What are Chances of Meeting a Kiva Borrower in Guayaquil?

By Emmanuel M. von Arx, KF 16, Ecuador

Taxi drivers were not in the forefront of my mind when I was walking out of Guayaquil´s international airport into the hot and humid air of this Ecuadorian port city. I had just been welcomed by Rubi Chaca who thankfully was driving me to my hotel. Rubi is the expert in charge of managing the loans made by Kiva lenders at Kiva´s partner organization Banco D-MIRO.
Only minutes before, as my plane was approaching Guayaquil, I had been able to grasp the enormity of this sprawling city. As I was soon to learn, Guayaquil represents a condensed microcosm of the whole country, with all its regions, peoples, and customs being represented. It is a place of extreme contradictions and contrasts…

Continue Reading 14 September 2011 at 16:00 8 comments

Don’t Cry for Me…Ecuador!

As my first entry in the Kiva Fellows Blog, I thought I would answer the obvious question, “Why did you apply to be a Kiva Fellow”?    Leaving a (paying) job to work for free for 3 months doesn’t always sound appealing, yet I could not be more thrilled to start work in Ecuador as a Kiva Fellow at Fundación D-MIRO this Monday.

While filling out my application to become a Kiva Fellow, I was asked to write a short essay answering this very question and I would like to share with you my response:

(more…)

5 February 2010 at 09:16 9 comments

Kiva Lenders: Steps to Empowerment

By Kimia Raafat, KF9 Ecuador

With the holiday season upon us and Kiva Gift Certificates flowin like Cristal and Dom Perignon in a Diddy rap video, I figured it would be a good time to review with lenders (both old and new), the process of a Kiva Loan.  Here is a link to the video me and my best friend, Emily Enberg made for the Tongal/Kiva Video Contest…  Happy Holidays!

http://tongal.com/app/submissionDetail.action?id=640;EL1474 

Kimia Raafat is a Kiva Fellow (KF9) at a new Kiva partner, D-MIRO  in Guayaquil, Ecuador.  If you would like to know more about D-MIRO please visit the Partner page or Lend!

24 December 2009 at 06:42 1 comment

Poco a Poco, no?

By Kimia Raafat, KF9 Ecuador

Like the galloping horsemen on a Ralph Lauren polo shirt, Kiva’s leafy “loans that change lives” logo has come to symbolize a certain status in the world of microfinance institutions (MFIs).  The Kiva stamp of approval signifies that after careful due diligence, an institution has been deemed dependable and successful in their mission to make a significant social impact.

It was only a few months ago that Fundacion D-MIRO Mision Alianza had been approved to join Kiva’s network of 105 field partners.  D-MIRO’s employees are delighted and proud to use kiva.org to showcase their organization’s efforts online, but as I quickly learned, it is truly the financial savings made possible by Kiva that proved more pressing to this field partner… (more…)

16 December 2009 at 22:06 2 comments

My Motorcycle Diary from Guayaquil

By Kimia Raafat, KF9 Ecuador

Last week, I blogged about D-MIRO’s influence in the peri-urban zones of Guayaquil.  There is no way to describe the dedicated D-MIRO staff members and the lengths they go to reach those marginalized from the traditional financial system. So I opted to film a sample day! Here is “My Motorcycle Diary”:

(more…)

6 November 2009 at 13:45 10 comments

Main Street = D-MIRO’s Main Priority

By Kimia Raafat, KF9 Ecuador
Fortin district of Guayaquil

Fortin district of Guayaquil

The recession has affected most families in one form another.  Personally, I was laid off from my first post-collegiate job and ushered over to the unemployment line.  Post lay-off, I spent a solid week sitting in my pajamas and watching the news.  I rolled my eyes as every other segment was titled “from Wall Street to Main Street”.

Upon arrival in Guayaquil, I quickly learned that the fallout of the recession looks different in Ecuador (more…)

27 October 2009 at 14:00 23 comments


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