COUNTRY

Romania

GNI PER CAPITA

USD  14,160 – 2021 (World Bank)

INSTITUTION

VITAS

KEY INDICATOR

38% – loans to women for business development

Activity

Retail sale of clothing for children and newborns

Microcredit

25,000 EUR

Project

Refinancing older loans and for merchandise

Testimony

Elena Tcaciuc Janina, 54 years old, married, one daughter. She founded her retail company in 2003 in association with her husband, whereby they sale clothing for children and newborns from 0 to 14 years old. The store is located in a big shopping center in Timisoara and sells christening clothes, christening items sets, children’s shoes, national costumes for children, elegant dresses and costumes for boys and girls, school uniforms etc. Elena takes care of the administration of the business and the selling in the store, being also helped by her husband, who retired last year. In the future, in addition to the activity of the store, she wants to focus on the trade of flowers and floral ornaments during their season.

Elena has been a client of Vitas since 2006 and has taken over 30 loans. She also collaborated with other credit institutions in the past, but she chose to continue only with Vitas, due to the relationship created. She had a loan with an initial amount of 25,000€ used to refinance an older loan with another credit institution and for the payment of some debts. She continued with a credit line used for merchandise and several short-term credits used for seasonal merchandise.