established by some funds from One Heart Action Group
added to those from donors to HELP International
(the cycle term of all the loans is 6 months with the payments collected monthly)
Business: Vegetable Vendor
Loan Amount: $200 (US)
Loan Use: I purchased merchandise to expand my business
Payment amount: $45.33 (principal $33.33, Interest $6.00, Savings $6.00)
One year ago, I decided to start selling vegetables. In reality, I have felt the great support that the ‘Banco Comunal’ has given me through 2 loans grated to me which total $300. Before they were granted, the merchandise that I had was purchased through someone else. Now I can buy it on my own, this has permitted me to improve my earnings. Now I can compete by giving my clientele more accessible prices, because I can buy directly from the vendors.
This increase in earnings has permitted me to provide for my family’s necessities, as all 3 of my children are in school. This is why I ask of God that they never stop supporting me. My desire is to repay the loan well, and solicit another to make improvements to our small house and expand my business.
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