A loan of $1,200 helped buy spark plugs, filters, spare electronic parts, and motor oil.

Eufemia's story

Eufemia Lopez was born in Guayaquil, Ecuador. She has been selling car parts and accessories for six years now. Her father taught her all about the business since he ran a similar business for most of his life. When she was 20 years old, Eufemia opened Isa Express and slowly she grew the business to where is stands today. Her father helped her financially by giving her the money to purchase a property which happens to be located next to her cousins. The shop is centrally located and attracts a lot of attention from customers. In fact, Eufemia reports that many people come to her simply because they work at the factory next door. “They search for my services, and I deliver,” she says. Ms. Lopez is asking for this loan to be able to purchase spark plugs, filters, spare electronic parts, and motor oil. Her goal is to be able to repair everything in-house so that the job can get done more quickly for her clients. The attention she gives her customers is personal, and she hopes to receive this loan so that she can afford to pay an employee to work Saturdays, which are the busiest days when it comes to car repair.

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

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Loan details