Entrepreneur of The Communal Bank of El Progreso, El Salvador
established by One Heart Action Group October 2007
(the cycle term of all the loans is 6 months with the payments collected monthly)
Age: 27
Business: Clothing sales
Loan amount: $150 (US)
Loan Use: Bought a wider variety of clothing
Payment Amount: $34.75 (principal $25, Interest $4.50, Savings $4.50, Insurance $0.50, Administrative Costs $0.25)
[no picture available] Breve Historia: “I have had my own business for a year now. Before they gave me the loan from the bank, I had little merchandise, but now my business is stronger since I bought a variety of clothing and receive more earnings.”
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