| Location: | Guayaquil, Ecuador | Repayment Term: | 11 months (more info) |
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|---|---|---|---|---|
| Activity: | Clothing Sales | Repayment Schedule: | Monthly | |
| Loan Use: | Increase her inventory | Currency Exchange Loss: | N/A | |
| Default Protection: | Covered |
Rosa is a mother of three children. In order to contribute to her family income she sells men’s clothing in her neighborhood. She started in this line of work about 5 years ago with the help of her mother, who provided the start up capital. Rosa feels that her work is very important because her husband does not have much job security. He is often hired as a skilled worker in factories but his jobs are never stable and he is always at risk of being unemployed.
Rosa did very well with her first loan which she received over the Christmas season. With the extra profit she made from that season she was able to pay back her loan while also making considerable reinvestments into her business. She continues to sell clothing on foot. She has made some small improvements to her home in order to progress towards her goal of making a shop, but she admits she has a ways to go. She hopes she can continue to save and make changes slowly so she can achieve her goal. She is seeking a second loan so she can continue to increase her product line while buying in bulk.
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