A loan of $550 helped buy cheese at wholesale.


Mercedes Isabel's story

Mercedes G. is 65 and makes a living selling cheese at the retail level. She is married and a mother of 6 children ages 33 to 42. She lives the Las Palmas neighborhood south of Barranquilla. She has a business selling cheese, which she started 40 yeas ago in Concordia (a town in the department of Magdalena), but then moved it to Barranquilla when she has been successful. She sells to large company employees as well as to a number of small businesses.

Her Kiva loan is her sixth with Fundacion Mario Santo Domingo, with which she has worked with for 5 years. With her loan she will buy cheese to sell wholesale to local businesses as well as by the pound for domestic consumption.

Mercedes is a optimistic woman because her small business has been able to get her family ahead. She has been successful with the decisions she has maD. in her business and she is well known for selling the best cheese. She is so well known that families traveling abroad will take cheese to relatives in the United States and Europe.

Mercedes rotates her inventory every 8 days with a profit of 20% on products, a 25% profit on her investment, 28% profit on her assets and 50% ability to pay. Her dream is to expand her business into a larger company in order to help the 3 grandchildren she loves deeply and is for which she is responsible.

Translated from Spanish by Kiva volunteer



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