As mentioned above, Perla (or MIFEX) defaulted on the loan. But, she did get the funds and perhaps she was able to fix up her beauty salon exactly as she had hoped. Here’s a bit more about Perla from her application: “Perla started her business with a little bit of capital she had saved, the fruits of her work as a schoolteacher. Perla runs her business all by herself and has gained the confidence of her customers. With a previous loan Perla was able to buy two new salon chairs, one for adults and the other for children. This combined with better hair products and hard work has resulted in some positive results for her salon. Perla’s problem is now that she has to work too much because of all the positive references her clients provide. She is considering bringing on a new employee but is glad to have the increased business. Perla wants this new loan so she may continue improving her equipment and the appearance of her salon."
