A loan of $375 helped to buy basic household products.

Cynthia's story

24-year-old Cynthia is a hard-working and determined woman who is also kind and friendly. She has a great desire to do well in life. Cynthia is single and lives in her parents' home together with her two siblings Keyla and Vivi, who are 18 and 17 years old, as well as her mom and dad.

Cynthia's business is selling groceries and she has a store in her parents' home where she serves her customers in a kind manner. Her customers are mainly her neighbors and she has known how to gain their loyalty through the good service she provides. Cynthia started her business one year ago with a loan from MFP and, up to now, she has worked alone though her sisters sometimes help her to serve her customers. She considers her business to be fairly profitable as she sells basic household products which always sell well. This gives her constant capital turnover. She did not have any problems before starting out in her business but she wanted to make her own income and support her parents with their household expenses. Given the good results that she has experienced, she would like to continue working in her business and also start a new business selling clothing as she has seen that this is pretty profitable too.

This will be Cynthia's fourth loan from MFP. She is happy to know that she will have the support she needs to make progress in her business. She feels comfortable with her community bank because of the support and solidarity that exists between its members. Cynthia will invest the 1,000 soles she has requested in buying groceries to stock her business so that she has a wide range of goods available for sale. She will buy her products at low prices because she will be buying in bulk. This will make her more profits.

Translated from Spanish by Kiva volunteer Linda Oxnard

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