Innovative Practices 2013 on Employment

Making microfinance inclusive

The bank has created a microcredit product for persons with disabilities called Creer, which means Believe. With the help of the product, the bank has been very successful in providing financial services for persons with disabilities.

About the practice at a glance
Name of Innovative Practice:Making microfinance inclusive
Organisation:Banco D-MIRO
of origin


After its start-up in April 2010, the product now has around 400 clients, which constitutes around 1% of Banco D-MIRO’s clients. This is considerably above industry average which for PWDs is below 0.5%. The average loan amount is around US$800, which is around US$300 less than D-MIRO’s overall average. As for the portfolio at risk, this is only slightly above the bank’s average.



Banco D-MIRO is leading the way with the credit product Creer, a loan product designed to reach persons with disabilities. Now that it has recently been transformed into a regulated institution, the bank will begin to offer savings products as well as loan products. D-MIRO is quietly leading the way to make financial services widely available to persons with disabilities (PWD) in an unprecedented way. The main characteristics of Creer are:

– Technically the product is the same as a standard microcredit product, but D-MIRO has given it a different branding.

– Creer is marketed by all credit officers and very few special marketing efforts have been carried out. The existence of Creer has spread by “word of mouth”.

– D-MIRO has had very little cooperation and coordination with disabled people’s organisations and has received no external support for the product. Creer is fully D-MIRO’s responsibility.

– According to Banco D-MIRO the main reason for developing Creer was to empower PWD. At the same time products like Creer help the staff, the management and the board to understand ‘the type of institution that D-MIRO wants to be. Creer also gives D-MIRO a good standing in the public and it’s a visible way of practising “social outreach”.

– Finally, targeting disabled people is a market opportunity since no other MFI targets this market segment.



D-MIRO belongs to the Norwegian microfinance organisation Alliance Microfinance which also has projects in Vietnam and Bolivia. However, so far, Creer is implemented only in Ecuador. The inspiration for Creer came from the National Union of the Disabled in Uganda (NUDIPU) where Roy Mersland, a board member in D-MIRO, has been involved in projects and research related to PWDs access to microfinance.


Carlos Egas
Managing Director
Banco D-MIRO
Coop. Américo Vespucio 2, Manzana A. Solar 8, Vía Perimetral Km. 42, Isla Trinitaria, frente a la Gasolinera Terpel (pasando el 1º puente). Guayaquil, Ecuador 090111729
Phone: +593 4 3700500

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