Banco D-MIRO is located in Guayaquil, a city with over 3,000,000 inhabitants, in Ecuador. Banco D-MIRO is owned by The Mission Alliance in Norway and was founded in 1997 in relation to education and health as The Mission Alliance operates in Guayaquil. Banco D-MIRO changed, in the summer of 2011, their status from a foundation to a microfinance institution regulated as a bank. It is therefore now subject to local banking supervisory authority, which provides new challenges for a relatively small institution. The bank currently has over 40,000 borrowers with 14 offices and a loan portfolio of approximately 56 million U.S. dollars (USD). The loan from Kolibri Kapital was re-lent in the summer of 2013 when the loan was increased to a total of 700,000 USD.
Banco D-MIRO has received several international awards for its ability to provide quality services to the poor. In 2009, it ranked as the third best microfinance institution in Latin America by the Inter-American Development Bank. Banco D-MIRO received a 5 Diamond rating from Mix Market in October 2013 due to improve transparency, quality and reliability of the information they are able to provide.
Their website is in only available Spanish here.