Lidia sells clothes in her local community and other areas in Ecuador. She buys the clothing in bulk from a friend who allows her to buy at wholesale prices and quantities. She travels to rural sectors in Ecuador on the weekend in order to sell much of her merchandise. She sees this as a great market because few people travel out there to sell and she has a loyal customer base.
She is seeking the loan in order to invest in children’s clothing, shirts and men’s pants. She wants to open a store out of her home in the near future in order to facilitate sales. She is a widow with 5 kids who are already grown up, one of them helps her with the business.
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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