A loan of $1,500 helped to buy more lubricants in barrels.

Paul's story

Paul is 30 and is a hard-working man with many desires of getting ahead. He is single and doesn't have children. He lives with his 3 cousins: Roger, who is 19; Diógenes, who is 21; and Alex, who is 29. He is temporarily living comfortably in his sister's house. Paul makes a living by selling lubricants in barrels and gallons for large and small vehicles. He has a store that is in his brother's house. From there, he sells his products to his customers, most of whom seek him out. He also has his own piece of land, and he rents all of it out. He started his business by himself more than 15 years ago. He started with his own capital and little by little, he increased his customer base through effort and dedication. He considers his business to be profitable. He has quite a bit of demand because of the growth of the automotive sector. He likes his job because it lets him be in the comfort of his home. With the economic income that it makes him, he can pay for his higher education. On the other hand, he doesn't like it when some customers are late with their payments when he grants them credit. But this doesn't get him down, and he continues working with the same eagerness. Now he has plans to continue with his business and to make it grow. This will be his third loan with Microfinanzas Prisma. He hopes that through it, he can make his plans concrete. He promises to make his payments on time like he has done with his previous loans. With the amount requested, 4000 PEN, he will invest all of it in the purchase of more lubricants in barrels and gallons. He is looking for better prices to make his purchases with cash so he can have stock available to sell and so his customers will prefer him.

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Translated from Spanish by Kiva volunteer Tanya Harper

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