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: 50
Business: Store owner
Loan amount: $150 (US)
Loan Use: Bought more goods for her store.
Payment Amount: $34.75 (principal $25, Interest $4.50, Savings $4.50, Insurance $0.50, Administrative Costs $0.25)
Breve Historia: “In this day and age, the cost of living is very high, and only by fighting on with the help of God can we continue onward. With the opportunity the bank provides I can strengthen my business and my family will not lack the necessities of life.”
Thursday, July 12, 2007
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