Lady vanessa

Loan description:

Lady Lima is a 23-year-old micro entrepreneur. She is a single mother of a 5-year-old girl and they both together live in Catamayo, a canton in the province of Loja, Ecuador. She has been working in the preparation and sale of food for eight years. At the beginning, she used to sell her products as a street vendor then, the Municipality assigned hawkers and street vendors a place for them to work during the evening so that they can get a more stable situation. She prepares food during the day and sells it in the evenings. She started working with her mother and now she administers the stall by herself because her mother had to retire. She is pleased because she has grown up with her business. Now, she even has formed a sellers' association In order to better organize their sales and not to compete against each other. Thanks to this activity, she has been able to cover her daughter’s expenses because she does not count on her father’s support. Besides, she helps economically her mother and siblings. She usually sells an average of $ 900 per month which leaves her a profit of $ 350. Lady is applying for a loan to buy raw materials for food processing. She wants to buy them in bulk thereby increasing profitability and productivity. She needs to buy a quintal of both rice and sugar. In addition, she needs to buy some tables and chairs to change the ones she has as they are in a very bad condition. She is requesting $ 350 will be repaid over 24 monthly installments.