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Location: Guayaquil, Ecuador Activity: Retail Loan Amount: $250.00 Loan Use: Buy bibles, clothing and other miscellaneous products to sell Loan Repayment Term Range: 6-10 months Start Date: Nov 25, 2006 Amount Repaid: $42 Partner Rep: Luis Crespo, Esther Vasquez Partner: MIFEX
Ariola is a saleswoman in her neighborhood. Primarily she sells bibles to the people from her church and her community. She started off with $50 of investment capital and has slowly expanded her businesses. She also sells clothing and other products targeted towards women. In order to make her products affordable to her clients she takes half of the payment at the time of purchase and charges the rest on a weekly or bi-weekly rate. She is eager to receive a loan in order to buy more products for her clients like more bibles, CDs and clothing. She hopes that she can receive the loan before the busy Christmas season begins. This business is a complementary source of income in her household of 6 children. Her husband works as a bricklayer but he does not make enough money to provide for his family on his own.
Copyright © 2006 by Philip Hartman - All Rights Reserved