Maria runs a small store out of her home where she sells hand-painted tablecloths, shoes, sandals and hand-knit handbags. She originally went to beauty school but left that profession to get married. When it became clear that her husband did not look after the household finances, she went back to work, this time opening a small hair salon, but later lost everything in a robbery. She learned to make the handbags and shoes she currently sells by watching a neighbor.
She started the business 5 years ago with only $20 of capital. Since then things have been going well, and she would like to expand her business. She took out a loan from Mifex that allowed her to increase her sandal making operation. Things have been going very well and she was able to invest in cleaning products as well. She is seeking another loan in order to increase the space for her business, invest in new products and buy supplies for her sandal making operation.
Maria’s husband emigrated to the United States two years ago, so she lives alone with her three children. She would like to stabilize their economic situation so that her husband can come home.
39View loans »