Angela is approaching Mifex in order to receive a second loan from the Kiva program. She has done well with the loan she received. She initially used the money to boost her inventory for the upcoming Christmas season. She was able to significantly increase her profits and she has put much of the money away in savings. Although she planned on opening a new point of sale with her first loan, she recognized the immediate opportunity to increase profits during the holiday season and she chose to postpone her plans.
Angela owns a shoe store in Guayaquil, Ecuador. She has owned her business for about 9 years. She started the business with her late husband who passed away several years ago. It was very difficult for her to continue on without her business and life partner, but she has endured through the hard times. She feels very proud to know that she has been able to succeed with the help of her daughter. She is requesting this loan because she wants to set up a new point of sale managed by her daughter. She hopes she can use the money to rent some space and invest in products.
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Success!! The loan was 100% repaid