A loan of $600 helped to buy products for her general store.

Delfina's story

Delfina and her husband have a store which is located in Las Nieves neighborhood, on the main road. The business is registered with the Chamber of Commerce and in it they sell provisions, groceries, drinks, meat and essential household products. Delfina has 16 years experience and has been running her store in these rented premises for 7 years. She has built up an image that creates good personal and commercial references. 92% of Delfina's sales are cash sales and she maintains a margin of no less than 20% as she has a high stock turnover period for her sales volume. She buys from her suppliers with cash and her stock turnover period is 25 days.

When Delfina and her husband set up their store "El Descanso Costeño" they used the severance pay that her husband received from when he used to work in the city of Bucaramanga, in Santander department. Before setting up their own business, they worked in stores belonging to family members in order to gain good experience. Seven years ago they turned this experience into their own way of earning money, working for themselves in their own store.

Delfina will use her Kiva loan (which is her first loan) to buy products with which to stock her business as Father's Day is approaching and families celebrate this day by giving gifts to their fathers. Delfina plans for them to find these gifts in her store.

Delfina's dream is to own her own home and a very comfortable business. She also plans to increase her working capital, which is her biggest challenge. It is necessary to work harder and harder ever day as a family.

Translated from Spanish by Kiva volunteer Linda Oxnard

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