Total loan: $1,500

Xiomara Yaneth

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, , El Salvador / Clothing

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A loan helped to buy clothing for children and adults.

Xiomara Yaneth's story

Xiomara is single and lives with her parents. Her mother is 58 and her father 67. No-one is directly financially dependent on her, nor does she have relatives who live overseas. She sells clothing; her business is located in a store and she also promotes her products on social media. She works from 7 am to 3 pm and started the business on her own initiative five years ago.

The biggest difficulty Xiomara has faced is having to close her business during the time of quarantine because of Covid-19. This period harmed her economically given that the income she received was not normal.

She is seeking a loan so she can inject working capital into her business. The loan money borrowed will be used to buy children's and adults' clothing. In this way she will have more and new merchandise to better serve her customers. Xiomara hopes that through this investment her business will reactivate soon and return to the same level of profitability that it had before the pandemic. The risk to the investment is that at this time of year sales tend to go down, as customers priorize working on their crops.

Xiomara aspires to growing her business and improving the economic wellbeing of her family.