A loan of $1,000 helped purchase dacron fabric, grocery store weights, DVD cables, sharp radios, car batteries, large calculators and mecates.

Oscar Antonio's story

The micro-entrepreneur Oscar Antonio M. is 55 years old, he is married, has 3 children, two of which are in school, and for 10 years he has been traveling to the capital to purchase various ordered products. This business consists of many people occasionally wanting to buy products that are cheaper in the capital and they ask this of Mr. M., who only charges a small commission for the purchase. Nonetheless, Mr. M. is the one who uses his resources to make said purchases. It is for this reason that the micro-entrepreneur needs to obtain financing, since in so far as he purchases more products his commission increases.

Among his customers are barbers, cabinet makers, seamstresses, taxi drivers, jewelers, and people who need any product that is not found in the city, or that is difficult to find. There are very few people who do this job since the trip to the capital is rather tiring and boring. Mr. M. has already been the beneficiary of a loan on the part of Kiva and has shown that this loan allowed him to increase his income. It is important to note that this client pays on time and develops his loan.

He needs to be financed to purchase the following products: 300 yards of Dacron fabric which he will purchase for 1 US dollar a yard, 2 weights for small local grocery stores at 17 US dollars a weight , 30 DVD cables at 1 US dollar a cable, 10 Sharp radios at 15 US dollars a radio, 4 car batteries at 30 US dollars a battery, 12 large calculators at 5.50 US dollars a calculator, and 300 yards of mecate at 1 US dollar a yard.

Translated from Spanish by Kiva volunteer Heather Nicholson

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