100%

funded

Total loan: $1,500

Yessenia Marisol

Flag of El Salvador
, , El Salvador / Retail

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A loan helped to buy 4 boxes of cooking oil, 1,000 pounds of sugar, 5 boxes of soap, and other products to expand inventory in the shop. She will also buy children's clothing.


Yessenia Marisol's story

Yessenia is seeking a loan because she needs working capital to invest in her business selling basic household groceries and goods. She has also made this decision because it will offer affordable installment payments and flexibility in the procedural framework. The money from this loan will allow her to buy 4 boxes of cooking oil, 1,000 pounds of sugar, 5 boxes of soap, and other products to expand her shop's inventory. She will also buy children's clothing. This way, she will have more merchandise to better serve her customers and increase her revenue.

She has stated that the previous loan's investment allowed her to strengthen her business; initial results have been positive because her sales and earnings increased. Previously she had to close her shop for two months; due to Covid-19 lockdown, she couldn't maintain her usual business hours. Another challenge she has faced was catching the Covid-19 virus.

Yassenia says that with her savings she has been able to meet her different financial commitments. Yessenia has the same family structure as before and with the profits earned through her business she is able to provide better living conditions for her family.