Rosalba started her first store over ten years ago selling all types of clothing. It was a stable source of income but had to be closed down after five years due to a very unfortunate circumstance. Rosalba’s son was diagnosed with a heart condition that required an operation that cost over $8,000. Rosalba and her husband had to sell their business and their home in order to save their son’s life. She, her husband and her three kids had to move into Rosalba’s mother’s home and they had to restart their business with only $200 in capital.
This has been a very tough experience for Rosalba but she hopes that she can improve her business in order to purchase a new home for her family. Her husband is a factory worker but hopes to one day also run the store with Rosalba. She needs the loan in order to invest in new clothing and improve the appearance of her store.
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.
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Success!! The loan was 100% repaid