Funded

Total loan: $375
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Verónica

Ecuador
Guayaquil, Ecuador / Home Products Sales

A loan of $375 helped diversify and increase product offerings.


Verónica's story

Veronica owns a small store where she sells a wide variety of items including: snacks, jewelry, appliances and office supplies. She started her business off with only $5 in capital when she only sold tortillas and coffee. Slowly she began to grow and with the help of her mother she was able to open her small store where she sold rice, sugar, chicken, eggs and other foods. Now she sells many different products that are not food and she still prepares tortillas and coffee on the weekends. Veronica is a single mother who lives with her parents who have supported her since she separated from her husband. She hopes to invest in new and diverse products with the loan she receives from Kiva and Mifex. She is also contemplating opening up a second operation selling clothing.

Mifex offers its clients microinsurance and access to business training and educational programs. For more information about microfinance, Ecuador, and our services, please visit www.mifex.org.


Loan details

Loan length:

8 months
Disbursed date: November 21, 2006

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: November 21, 2006