Enma Alfaro Vargus,
Four years ago, Enma Alfaro Vargas' husband died. He was the primary wage earner in
their family of six. Shortly before his death, Enma had taken out a US$33 FINCA loan
to help pay for a market stall, where she prepared and sold fried chicken. The loss of her
husband had a disastrous impact on her family life and on her business. With four
children under the age of twelve to feed, clothe, and care for, Enma's business faltered,
and she fell seriously behind in her loan payments.
Enma knew that her family's future lay in the success or failure of her business. So, with
the support of her village bank, Enma paid off her first loan and secured a second. With
the second loan, she purchased a refrigerator for storing the chicken before cooking it.
This simple addition allowed her to increase sales and triple her income.
Over the next two years, Enma continued with the village bank and her business, slowly
building her savings. As she progressed, she was able to buy a small plot of land and
construct a house in her home of Tegucigalpa, Honduras. Enma knew that by
diversifying her business, she could provide even more security for her family. She used
another loan to purchase clothing that she began selling from her home.
Enma now earns US$75 a day from both business activities. Although she has saved
over US$1,000, she continues with her village bank, requesting loans which she invests
in her growing businesses.