A loan of $1,425 helped buy supplies such as meat, rice, cooking oil, and grain for making pastries, plus fragrances in general to sell.

Maria's story

Maria, who is 71 years old, lives in the municipality of Soledad. She is a widow who has 2 children, now aged 41 and 45. Aided by her daughter, she runs a business that was launched 22 years ago in a different municipality where Maria used to live. It is now located 15 minutes from her present residence. Maria gained her initial business experience selling varied merchandise. Over time, she has added other products and today she sells not only cosmetics, woven bags and clothing, but also pastries and tamales, with her daughter's assistance.

At present, Maria is applying for her 3rd loan through the Fundacion Mario Santo Domingo, this time the 1st Kiva loan she has received. Maria will buy pastry-making supplies, including meat, rice, cooking oil, and grain. She will also invest in perfumes in general, since she needs to buy in larger volume and continue adding to her working capital by increasing her merchandise inventory, in order to increase sales and improve family income. Her greatest challenge is competition and she must provide opportune responses with products her customers like.

While Maria works to reach her goals, the business functions with an account collection turnover of 28 days. With her Kiva loan, hopefully, she will be able to finance her credit accounts and solve investment needs while focusing on her actual and potential market.

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Translated from Spanish by Kiva volunteer Harold Dana Sims, PhD

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