Rosenie started to utilize her skills cooking to support her and her daughter after she was unable to find a job elsewhere. Now, she has expanded beyond friends and neighbors to now serving dozens of customers daily in a large, open-air courtyard that is filled with artisans and other vendors. Rosenie needs this loan to take her business to the next level so that she can improve her household income and provide a nutritious diet and sufficient clothing for her young daughter, who is very close with her mother - she even helps out her mother grind ingredients on Saturdays when she does not have school.
NOTE: Luisa has many friends in the community and is a dedicated member of her solidarity group. She represents nine other Esperanza micro-entrepreneurs, who will each receive an equal share of this $1,200 loan to invest in their respective businesses. Rosenie and the other members are responsible for making payments on this loan together and must help anyone in their solidarity group who may have trouble paying on time, which fosters accountability and social support.
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Success!! The loan was 100% repaid