100%

funded

Total loan: $700

Michael Steven

Flag of El Salvador
, , El Salvador / Construction

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A loan helped to buy wood, varnish, nails, glue, and other products needed to increase the inventory of his carpentry shop.


Michael Steven's story

Michael lives with his partner and his 7 year old child. He does not have relatives living outside the country.

Michael explains that he is the proprietor of a carpentry shop that he opened about seven months ago. Before opening his business, he was an employee, but he lost his job due to the negative impact of Covid-19 on the economy. Facing the need for a source of income to provide for his family, he decided to start his carpentry business. He inherited the work from his family. His advantage is the he already has clients who have demonstrated their loyalty.

He is requesting a loan because he needs working capital to strengthen his business. With the funds from the loan, he will buy wood, varnish, nails, glue, and other products needed to increase the inventory of his carpentry shop. The investment will help him to increase his sales; he will have in inventory everything needed to meet the existing demand for his services.

His aspirations are to grow economically and to have the support in future from PADECOMSM Crédito to continue improving his business.