A loan of $900 helped buy shoes.

Monica's story

Mónica is 40, and she lives with her husband and her seven year old son, Paolo. They live in a house she inherited from her mother, who is still alive.

Mónica has been selling shoes for six years. She never loses the opportunity to offer her merchandise to her friends and other people she has recently met. Mónica is a teacher, and her colleagues are her main customers. She does not have competition in this business. She gets her shoes from the city of Trujillo, an area very famous for the quality and variety of footwear. She has not been doing this for a long time or put in a lot of effort yet, but you do need to have skills of a merchant to persuade and convince customers. Mónica sells between 12 and 30 pairs of shoes a month. That is why she likes her business so much; it is very profitable for her.

In the future, as a good entrepreneur, she plans to set up a store of shoes from Trujillo. She has already won customers for this type of shoe.

This is her tenth loan with MFP. She guarantees that she will be punctual with her payments, as she always has been. She also says that she is very happy in her communal bank because everyone is responsible. She will use the money she is requesting to buy more shoes because she is running out of inventory.

Translated from Spanish by Kiva volunteer Ginny Kalish

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Loan details