Total loan: $625
Arjona (Bolivar), Bolivar, Colombia / Retail
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A loan helped to pay cash for materials at wholesale and to buy a sewing machine.
Gloria Alba's story
Gloria, 59, lives in Arjona, a town in Bolívar Department. She’s married and has three children whose ages range from 27 to 31 year. Gloria has a business where she sells accessories for motorcyclists: seat covers, vests, helmets and sleeves that she started six years ago selling vests that said “Llamadas” and lots of people who are into motorcycles asked her if she sold vests. This is where the idea to sell them arose. Since she did well, she decided to add other similar products, like helmets, to her motorcycle accessories business. She installed well-stocked display cases. Her business has been growing well and she’s excited to help it grow because she expects to see profits very soon. This is why she’s calling on Kiva to pay cash for larger amounts of material to make vests and handles as well as to buy a sewing machine so that she can start manufacturing higher quality items herself. Gloria has received six loans from Fundación Mario Santo Domingo during the last two years that have helped her business progress. While Gloria strives to reach her business dreams, she maintains a profit margin of no less than 42.9% that she foresees will continue to strengthen her family income.