A loan of $1,000 helped purchase of oil, rice, and canned goods.

Carlos Augusto's story

Carlos is 32-years-old. He lives along the Perimetral highway in Guayaquil (in a suburban area surrounded by a salt marsh). He has a small general store.

With part of the money from a liquidation sale he bought supplies and rented a shop to start his business. Some of the money was stolen but he continued working in order to have his own store. Little by little he was able to buy more supplies and locate the store in in his mother-in-law's house. He sells all types of products, such as sugar, rice, dairy products, etc. He opens very early and closes at nightfall.

With this loan he wants to buy more merchandise such as oil, rice, canned goods, and drinks to stock the store and provide a higher quality of life for his wife and two children of 13 and 10-years-old. In the future he wants to build his own home and grow his business.

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Translated from Spanish by Kiva volunteer Kate Richardson

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