Total loan: $775
Portoviejo, Manabí Province, Ecuador / Clothing
Karen Sofia's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to buy pants, blouses, t-shirts and costume jewelry to sell.
Karen Sofia's story
The Camino Al Progreso ["Path to Progress"] communal bank meets every fifteen days in the canton of Montecristi, known for its rich pre-colonial culture and for its handicrafts, which are recognized on the national and international levels. This is the home of the famous hats ["Panama" hats] made of paja toquilla fibers. In this place lives Karen, a young lady of 21. She is single and lives in her parents' home. She is studying for a degree in communications at the Lay University of Manta. She has been with the communal bank for three loan cycles, and she likes it because thanks to the loans, she has been able to operate a business which has given her the means to pay the expenses for her studies. She works selling clothing of all types, as well as Visón brand costume jewelry. Her sales method is door to door, and she also sells to her classmates and acquaintances at the university where she studies. She reports that her classmates place many orders. She also takes advantage of every free moment to make her sales. She provides goods to her customers on credit and collects payments every fifteen days. She receives her merchandise at her home, since a woman delivers it to her there. She has done this work for two years, and it is going very well for her. She will use this loan to buy more merchandise, such as pants, blouses, t-shirts, and costume jewelry. Her dreams are to finish her studies and be a successful professional.