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Verónica

Veronica owns a small store where she sells a wide variety of items including: snacks, jewelry, appliances and office supplies. She started her business off with only $5 in capital when she only sold tortillas and coffee. Slowly she began to grow and with the help of her mother she was able to open her small store where she sold rice, sugar, chicken, eggs and other foods. Now she sells many different products that are not food and she still prepares tortillas and coffee on the weekends. Veronica is a single mother who lives with her parents who have supported her since she separated from her husband. She hopes to invest in new and diverse products with the loan she receives from Kiva and Mifex. She is also contemplating opening up a second operation selling clothing.



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.

About Ecuador

  • $10,200
    Average annual income
  • 14
    View loans »
    Ecuador Loans Fundraising
  • $22,853,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $375 helped Verónica diversify and increase product offerings.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 21, 2006
Listed
Nov 6, 2006
Currency Exchange Loss:
N/A
Ended:
Jun 11, 2007