Martha is a clothes saleswoman. She mainly sells to the people in her community, including much of her family and friends. She buys the clothes from a wholesale distributor who asks for 50% of the price of the clothes up front. Once she sells she finishes paying the orders off and she invests in new products. She needs the loan in order to buy clothes and toys for the holiday season.
Martha is 34 years old and has 3 children. Her husband is a construction worker who is very dedicated to his family. Recently one of their daughters fell 4 meters and fractured her skull. Although she is almost fully recuperated, it was a difficult financial and emotional burden on the family. They are currently building their home in a piece of land given to them by Martha’s mother in law.
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.
11View loans »
Success!! The loan was 100% repaid