Mercis is applying for her second loan with Kiva and Mifex. She is a 42 year-old single mother with 4 children, one of whom still lives in the household. When she took out her first loan, Mercis had a stand a where she sold fish to the public during the morning and early afternoon. Thanks to the extra profits from her first loan, she now also sells food in a market starting around 8 pm. She buys extra fish every morning for her stand and she prepares the food with whatever is leftover. Now that her business is growing, Mercis hopes to be able to invest in the necessary utensils and tables for the business. She hopes that she will eventually be able to own a restaurant with her hard work. Most of all though, Mercis wants to finish raising her last child and live with peace of mind.
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