A step on the right direction

It’s been almost a year since we met Margo. She is part of MiBanco La Esperanza, in the community of Los Higos. We’ve discussed in the past how the families living in the poorest areas of the country are trapped in a downward spiral.

img-20170223-wa0004The community of Los Higos is an example of that: limited job market, poor infrastructure, and high transportation costs added to the normal difficulties that a low-income family faces daily.

One way of mitigating this situation is through self-employment. A few months ago, Margo started a small convenience store where she sells necessary products such as rice, beans and bread, and other finger foods. Margo is an excellent cook and her effort is starting to pay-off.

Small businesses like this are run on a cash basis and the stock is built and bought daily, which is a burden for the profitability of the business.

Recently we funded Margo with a small loan so she could buy wholesale, build stock in advance, benefit from lower prices and reduce transportation costs. We expect this strategy to have a positive impact on the long-term strength of the business.

It makes us happy to help women like Margo to improve their financial situation and to empower them to be in control of their lives.

If you are interested in knowing more about our work, please go to the Facts and the Microfinance pages: you will find some interesting information about Microfinance and the country where we serve.

If you want to join the team, go to the Donate section.

God bless¡

Alvaro & Raquel

Microfinance. Gospel

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: