Funded

Total loan: $1,100
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Cruz Encarnación

Ecuador
Portoviejo, Ecuador / General Store

A loan of $1,100 helped to buy rice, sugar, oil, detergents, and paper products.


Cruz Encarnación's story

The Chimborazo cooperative bank meets every fifteen days in the Picoaza parish of the city of Portoviejo. This place is known for being a very commercial zone, for its traditional feasts of San Pedro and San Pablo, and for the happiness of its people.

This is where we get to know Cruz, who is 43 years old, married, and from this relationship has two children ages 20 and 14. The youngest is in school, and her two children still live at home. Her husband is a merchant.

She has a general store in her house, where she sells all types of products such as: rice, sugar, oils, and detergents, in addition to bazaar and paper products. She works every day from 6:00 am until 8:00 pm, and sometimes even later. Her children help her with the business when they have free time. Her customers visit her store frequently since they can find everything they need and also receive excellent service. She has been in business for more than ten years, and things are going very well for her.

She will use this loan to supply her store, buying rice, sugar, oil, detergents, and certain paper products as the start of the school year is approaching and she wants to have a lot of merchandise. She has been a member of the cooperative bank since its inception, and she likes it because the loans have helped her improve her store every time.

Her goal is to continue forward with her business, and grow it more and more each day.

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Loan details

Loan length:

6 months
Disbursed date: March 5, 2012
Facilitated by Field Partner: Fundación ESPOIR

Lenders and lending teams



Loan details

Loan length:

6 months
Disbursed date: March 5, 2012
Facilitated by Field Partner: Fundación ESPOIR