A loan of $700 helped to buy head scarves, caps and purses.

Andrés Segundo's story

Andrés Gutiérrez, 61, works hard together with his spouse (in the photo). It’s as if she were his right hand in life. They have four children ranging in age from 15 to 24.

Andrés started his business in 1997 selling caps, purses, luggage, scarves, and sunglasses. He currently combines this with being a taxi driver which is another activity that generates income for the family’s wellbeing. His children and his spouse support him in the business and work from 9am until 9pm from Sunday through Sunday. With a large clientele after all these years in business in the same place the business has an important number of occasional as well as regular buyers because it’s located in a very commercial pedestrian zone in one of the most important shopping areas in the south. Because of this, he also has quite a bit of competition but everyone knows one another and recommends each other, that is, they cooperate among themselves. His business earns 9.3% profit and has a 9% debt; his stock turns over every 25 days.

This is his 6th loan with Fundación Mario Santo Domingo, an organization with which he has strengthened his business through financial leverages, business training and advice from the field rep.

The family dream is to have a house of their own and to support the children until they attain future prosperity because this is precisely whey they all work together.

He will use the Kiva loan, which is his 6th loan, to buy scarves, caps and purses thereby stocking up for the best season of the year which is the moment when sales peak.

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Translated from Spanish by Kiva volunteer Polliz

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