A loan of $650 helped to buy groceries, meat, and supplies.

Jaime's story

Jaime, age 27, owns a store located in the municipality of Puerto Colombia, on the shores of the sea. He lives with his wife and two children ages 2 and 4. At a very young age, Jaime started working as an assistant in a store owned by a merchant from the interior of the country. He gathered experience from his boss and his day-to-day work over four years. He then poured this experience into his own enterprise in a highly-populated sector with unpaved roads. Jaime says that he has enough experience and social understanding to offer a good service and accommodate customers who have scarce resources; he will sell just one tomato or a half bar of soap. On top of selling groceries, on the weekends he also sells beer, taking advantage of his municipality's tourist appeal. For this, he gives free rein for sharing music and turns on a powerful sound system, setting out plastic chairs and tables on his terrace. He says that "strangely, it is the poorest men who most consume liquor on the weekends; in keeping with the phrase, "No hay borracho pobre ni cobarde" ["There are no poor nor cowardly drunks"].
Jaime hopes to expand both his businesses. For this reason he is applying for a Kiva loan, his first loan from the Fundación Mario Santo Domingo. With it, he will purchase groceries, meat, and supplies, which will allow him to have an additional working capital with which to buy stock, improve his stock, and rotate his merchandise more rapidly. This will generate him a slightly higher income.

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Translated from Spanish by Kiva volunteer Christine Cooper

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