Olga has been taking out loans with the Manuela Ramos microfinance institution for two years now. She is a member of the communal bank Mujeres Emprendedoras, or “Women Entrepreneurs”. Olga first started out with a loan of S/300 or just $100. Through the years and her ontime payments, Olga has been able to up her loan amounts to double and triple her previous loans.
Olga is currently requesting S/1,500 to fund the purchase of a new refrigerator where she will store and cool her products. She will also use the capital to purchase beers and flavored sodas to sell to her customers in the neighborhood.
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Success!! The loan was 100% repaid