established by One Heart Action Group October 2007
(the cycle term of all the loans is 6 months with the payments collected monthly)
Age: 38
Business: Sells spices
Loan amount: $150 (US)
Loan Use: Bought a wider variety of goods to sell
Payment Amount: $34.75 (principal $25, Interest $4.50, Savings $4.50, Insurance $0.50, Administrative Costs $0.25)
Breve Historia: “I live in El Paraiso, and I like working, but I didn’t have the means to expand my business. With the credit the bank gave me, I have invested in my business and earned more. I will achieve my goals.”
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