A loan of $1,100 helped to buy chairs to hire out for events since the 210 she already has are not enough. Also, to buy merchandise to renew that which she already has.

Elvia Del Socorro's story

Elvia García knows very well what it means to have businesses. She doesn't only work hiring out chairs for different occasions such as fiestas, community meetings and big celebrations but also sells clothes, cosmetics and decorations and small trinkets which her customers request, particularly housewives, for gifts. As the end of the year is approaching Elvia knows perfectly well how busy the market is over the Christmas period, she is requesting a Kiva loan to buy chairs to hire out for events since the 210 which she already has are not enough. She will also buy merchandise to renew what she already has.

This is her 16th loan with Fundación Mario Santo Domingo. She used her previous loans to make great progress in her business because she increased her number of customers and was able to have available what they needed. She has also seen improvements in her personal life, in terms of her own independence and, in her home as well, as she has managed to improve her family's well-being. Currently, her customers are people to whom she has been recommended, housewives and young people who love the trinkets she sells as they look beautiful. She serves her customers from 9.00am to 5.00pm, Monday to Saturday. Elvia's business has its working capital in amounts receivable and in some in-stock merchandise which needs to be renewed. Her profitability on her sales is 32% and her future debt 52. For this reason, she would find a loan very useful in this season where she sees a definite rally in her sales and an increased demand for her chair-hire services.

Translated from Spanish by Kiva volunteer Linda Oxnard

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