A loan of $1,075 helped purchase tires for her rental vehicle.


Grethel's story

Grethel is an industrious woman who is happily married to the father of her six children. She lives in her own home with her husband and two of her children, who are the reason behind her work. For three years she has been informally selling trinkets at the entrance of the largest market in her district. In order to formally establish this business, she obtained a permit from the municipality. Since then she has sold all types of products such as hair clips, headbands, and other hair accessories. The sale of these trinkets has provided her with good profits. Now that a year has passed, Grethel currently works with her daughter and they take turns managing the business. This gives her time to manage the rental income she generates from the car she owns. Since she makes her car available for rent, she needs to buy spare parts in order to keep it maintained. In the future, she plans to finish the construction of her house so that she can improve the quality of life for her children.

This is her thirteenth loan with MFP. Grethel promises to complete all of her payments as she has done in the past. She says it has been a joy being a part of her group because all of the members are very responsible. The loan she is requesting will be used to buy tires for her car so that she can continue making it available for rent.

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Translated from Spanish by Kiva volunteer Ronan Reodica


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