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Johanna
Six months ago Johanna was running a business where she sold clothes in her area. She took out a loan from Mifex so she could invest in more products to sell and stimulate her business. The loan Johanna received for her business had a very surprising effect. She was able to invest in new merchandise as she planned, but once she was able to save enough money she decided to venture into a new and more profitable business. Johanna now owns a small restaurant where she makes lunch and dinner. She is happy with the change in her life as she has been able to make more money.

She is now seeking a second loan so that she can invest in her restaurant. Although she has a steady client base, she wants to attract new people by improving the appearance of her business. She will invest in utensils, chairs, tables and other necessary items for a restaurant.

Johanna is raising her two daughters on her own. Her husband left to go to Spain about a year ago because he could not find work in Ecuador. She lives with her mother who helps her take care of the children when she is out working. Before her husband left he bought them a large refrigerator so they would be able to sell sodas and other soft drinks out of their home. Johanna’s mom is the one that mostly tends to this business. Johanna’s dream is to have her husband come back to help her raise their two daughters.

About Ecuador

  • $10,600
    Average annual income
  • 96
    View loans »
    Ecuador Loans Fundraising
  • $24,133,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Johanna fix up her restaurant.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 18, 2007
Listed
Jul 4, 2007
Currency Exchange Loss:
N/A
Ended:
May 9, 2008