100%

funded

Total loan: $800

Encarnacion

, , El Salvador / Retail

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A loan helped to buy beverages at wholesale, and other staple products in order to stock her store.


Encarnacion's story

Encarnación is a widow who has two children. Her daughters are 21 and 23 years old, and both are currently students. None of her relatives live abroad.

Encarnación's financial activity consists of selling clothing and selling staple products. She learned both businesses from her family. She works alone, from 7:00 a.m. until 5:00 p.m. She has the advantage of being very well-known in the area, while her disadvantage is that there is a lot of competition in that area.

The loan she is requesting will be to buy beverages at wholesale, along with other staple products to stock her store's inventory.

She thinks that this investment will help her to strengthen her business, which will increase her sales. The risk for the investment is the presence of the other shops in the area, which could cause her reduced sales.

Her wish is to keep supporting her daughters in their studies so that they become professionals, and also to grow her business.