Rosalía Mosquera

Rosalia has a store which she has owned for about eight years. She started her business with money she had saved up and the help of a loan from a family member. Initially, she sold a variety of items ranging from rice to snacks. She saw opportunities to expand her business into a general store by increasing her line of offerings.

Consequently, Rosalia took out a loan with Mifex and Kiva to purchase school supplies, fashion accessories and novelty gifts. This resulted in greater sales and profits for her especially with school supplies since the school year was beginning at that time.

This business is a very important part of Rosalia’s household. Although her husband works hard as a door-to-door salesman of goods, Rosalia must rely on her store in order to cover the basic expenses. She works daily from 6AM to 10PM. She has three children who are in school. With Christmas on the way, Rosalia would like to invest in holiday decorations and gifts but she lacks the working capital to do so.

Rosalia is requesting a second loan so she may purchase those products now while prices are still low. In this manner, she can offer a decent price to her clients while still making a profit herself. Rosalia’s dream is to make more improvement to her home and provide a better future for her family.