A loan of $475 helped invest in summertime clothing.

Helen's story

Helen has been selling clothes as a street sales woman for 4 years. She travels into the rural sectors about three times a week in order to sell there because there are better business opportunities. She has had to work and sell from a very young age because her parents were not in a good financial situation. She started the business with a $50 loan from informal lenders that charge very high interest rates. She is requesting the loan because she wants to invest in clothes for the hot weather and rainy season. Helen is 23 years old, she already has 2 children and she is also pregnant with another. She is currently seperated from her husband because he does not contribute to the household and he she considers him to be irresponsible. This business is currently the only source of income she has and she is very dedicated to it.

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

Lenders and lending teams

Loan details