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Cruz

Cruz and her sister opened this store about 4 years ago. There they sell all types of products to the community ranging from jewelry to office supplies. Cruz and her sister started off by putting together savings and selling just paper, pens and other school supplies. As they grew, they began to invest in many different products to sell.


Although the business was going well, Cruz’s sister married about a year and a half ago and made the decision to move to a new city. Obviously, this affected Cruz. She had to make monthly payments to her sister in order to repay for the capital she put up. Instead of having two people invest in the business, Cruz found herself alone and limited by the payments. She used a loan from Kiva and Mifex to help her get past the tough times and this resulted in a great deal of help for her.


Cruz is now seeking this loan in order to invest in completely new products now that she is finished paying her sister. She is confident in her ability to sell and assures lenders that there is sufficient demand to justify an investment. She is happy to be able t provide for her two children.

About Ecuador

  • $10,200
    Average annual income
  • 40
    View loans »
    Ecuador Loans Fundraising
  • $23,142,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Cruz diversify her product line.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 5, 2007
Listed
Aug 20, 2007
Currency Exchange Loss:
N/A
Ended:
Feb 29, 2008