Franco Sofía

Sofia works as a jewelry and clothes vendor in Guayaquil, Ecuador. She started off a seamstress who worked from home. She was able to save about $100 and invest in jewelry as a new activity. Her husband also helped her accrue these savings with the profit from his aluminum and glass workshop that is also run out of their home. This couple works closely together in order to support each others businesses because these microenterprises are the main source of income in their household of 3 children. Although they have always financed their businesses through their own savings they have come to realize that they need loans in order to increase revenue and profits. They will use these loans in order to invest fabric, clothes and jewelry for Sofia and in glass for the workshop.

Mifex offers its clients microinsurance and access to business training and educational programs. For more information about microfinance, Ecuador, and our services, please visit www.mifex.org.