A loan of $550 helped to buy soft drinks, alcoholic drinks and confectionery wholesale.


Nancy Esther's story

Nancy V. is a married woman who owns the business 'La Terraza D. Nacho' (Nacho's Sidewalk Café) which is located in Las Palmas neighborhood in Barranquilla. Her business is located outsiD. her home and is surrounded by trees that refresh the stay of people who pleasantly enjoy the music and drinks she offers, together with their families.

Nancy started her business with her husband and childrens' help. She takes advantage of the fact that there is a soccer pitch opposite her home where people play soccer every day. On weekends and on holidays, they play championship matches. Nancy makes her largest number of sales on Saturdays, Sundays and holidays because people who play on the pitch don't only enjoy the music which is playing but also like to have refreshing drinks with their families. They spend the day with their families in Nancy's sidewalk café.

Nancy has been a member of Fundación Mario Santo Domingo for 5 years. Her Kiva loan is her fifth loan and she will use it to buy drinks and confectionery since the end of year is approaching and it is filled with parties. She hopes to increase her sales of soft drinks, alcoholic drinks and confectionery which will increase her return on investment by 20%. Her stock turnover is every 20 days, her return on sales is 25%, her current liquidity is 3.1%, her future liquidity is 2.1%. Her capacity to fulfill payment obligations with the loan is 68% and her future indebtedness is 49%.

Nancy's biggest challenge is to continue strengthening her business with each injection of capital that she makes. For this reason, she very much appreciates the loans she receives because with them she has managed to expand her business, help support her family, adapt her home and even maintain a healthy relationship which makes her really happy.

Translated from Spanish by Kiva volunteer Linda Oxnard



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