| Location: | Guayaquil, Ecuador | Repayment Term: | 9 months (more info) |
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| Activity: | General Store | Repayment Schedule: | Monthly | |
| Loan Use: | With a loan she hopes to be able to buy more merchandise and take advantage of the increase in demand around the Christmas season. | Currency Exchange Loss: | N/A | |
| Default Protection: | Covered |
Jessica sells clothes, school supplies and various items for the home from a store she established in her parents’ house. When she was only 4 years old, Jessica began selling small items in the streets around her house and in the Bahia, a market in the center of Guayaquil. At the age of 16, starting with only $1 worth of merchandise, she began to save up and was finally able to open the storefront 7 years ago.
With a loan she hopes to be able to buy more merchandise and take advantage of the increase in demand around the Christmas season. If she does well, her goal is to add new products to the business and buy display cases that better show off what she has to sell. Jessica is 28 years old and unmarried. She lives with her family and says that they’ve managed to keep going because they all work together and share the same goals of improving their business and their home.
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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