Total loan: $700
Nuevo Laredo, Tamps., Mexico / Retail
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A loan helped Buy merchandise for his business.
Mr Porfirio M. has been selling groceries for more than 2 years. This is the family's income. His business needs a bigger variety of goods such as vegetables, milk, stationery and school uniforms. But at this moment, he doesn't have the necessary money to invest in the business, therefore he is requesting a loan to be able to do it. He plans to repay the loan with the income generated from the sales since his grocery shop is the only one in the neighborhood and he has very good sales.
Translated from Spanish by Ana Gabriela Clark, Kiva Volunteer