Maribel alexandra Ortiz loaiza

Centro, Ecuador

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35911

Maribel alexandra needed £1666.67 for her business.

Amount Requested

Amount requested:

£1666.67

Repayment term

Repayment term:

18 Months

Activity type

Activity type:

Retail - general household items

MFI Partner

MFI partner:

FACES

Maribel Ortiz has been running a grocery shop for the last six years or so. She is 36 and lives in the city of Loja in southern Ecuador. Her husband works as a carpenter but after work helps her at the shop. They have an 8 year old son who studies at school and a 3 year old girl who is still at home. Her mother-in-law depends on their care as she suffers from high blood pressure. Doña Maribel sells a range of foods, general household cleaning and personal hygiene items at the shop. She stocks beef, pork, and chicken as well as daity products such as milk, yogurt and cheese. She started her business from scratch without any experience but, thanks to her in-laws’ support and her own hard work she has established a successful business. Doña Maribel began selling common food household items and eventually increased the range of products. She has enlarged the premises as well as to buy more merchandise, refrigerators and freezers. She estimates her monthly profit to be around $370. However, she needs working capital to restock her shop as well as more display cabinets and a fridge that is essential to keep the products cool. She therefore requested a loan to invest in purchasing the equipment. Any remaining part of the loan she will put towards buying extra stock.

loan added: 29 June 2018

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Maribel alexandra's loan Repayment schedule

Date Expected repayments Actual repayments
July 2018 £151.52 --
August 2018 £84.18 --
September 2018 £84.18 --
October 2018 £84.18 --
November 2018 £84.18 --
December 2018 £84.18 --


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