A loan of $900 helped to buy men's clothes and footwear.

Rafael Antonio's story

Rafael T. is a happy and healthy 81 year-old man who sells clothes, footwear and small electrical appliances. He has been in this business since 1996, the year he first joined Fundación Mario Santo Domingo, from whom he has now received 10 loans.

This small businessman's customers are mainly his pensioner friends. Rafael says that he loves his work because it allows him to remain active and above all it allows him to visit many stores and shopping centers in search of sales promotions. His monthly sales volume is on average $2,00,000 and his profit margin is between 30% and 35%. He generally gives his customers 30 – 45 days to pay for their goods in 2 or 3 instalments.

Rafael plans to invest this Kiva loan in buying men's clothes and footwear. His plans for the not-so-distant future are to open his own premises where he can sell his products and chat with his customers who are also his friends. The cold winter season which has been hitting the city has caused his sales to fall and also made it difficult to get around but he is optimistic about the approaching summer and the Christmas period which is the best season of the year. Rafael has three children who support him completely in his business because it makes income for his household and, above all, because the physical activity keeps him in a perfect state of health.

Translated from Spanish by Kiva volunteer Linda Oxnard

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