Total loan: $775


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PUCALLPA, Ucayali, Peru / Retail

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A loan helped to buy 5 sacks of coal and various fruits.

Mercedes's story

Mercedes is 60 years old. She is a good, hard working woman. She has been married to Albertano for many years. She lives in her own home with her husband and her grand daughter who is 14 years old, to whom she provides for all her needs and tries to give her a better quality of life. Mercedes has a business selling coal. She runs the business out of her home. She has a table set up where she puts the bags of coal, which previously she has portioned out into smaller bags. Initially she purchased wholesale, buying sacks that could make more than 50 small bags, which she then sold. She buys approximately 5 sacks a week, investing around 100 soles in each purchase. She has had this business for more than 4 years and it is going very well. Along with this business, she also sometimes sells local products like plantains and lemons. Her grand daughter helps her with the business, and also sometimes her husband. She likes her work because she is able to make her own income from the comfort of her own home, and also be able to do the chores that need to be done around the house. She has learned how to keep a balance between her business and taking care of the house. However, she is still not satisfied with her economic situation, which is why she wants to start a new business selling fruit. She already has a location to sell from, located in the downtown area of the city. She wants to sell the most tasty and delicious of the region and of the country, and in this way hopes to increase her income. This is the sixth loan she has taken out through MFP. She is thankful to the people who make these loans possible, which help her to reach her goals. She also said that she feels content with her community bank, because she knows the members and considers them to be responsible and supportive people. With the loan of 2000 soles, Mercedes will buy 5 sacks of coal and a few bunches of bananas to sell during this time, the rest of the loan she will invest in the purchase of various tropical fruits like grapes, apples, pears, custard apples, oranges, watermelons and others to start her new business with.