A loan of $1,100 helped to buy school supplies, school shoes, candy and clothes.

Liliana Patricia's story

Liliana Patricia, 22, is a young woman living in Carmen de Bolívar, a municipality located at the foot of a valley known as “Montes de María” in the center of Bolívar department, which is the birthplace of Lucho Bermúdez, the most representative composer and singer of Colombian music, who popularized rhythms like the bolero, cumbia, porro and merecumbé. This is the cultural environment in which Liliana’s business unfolds. She sells general merchandise: bracelets, earrings, clothing, bolis (frozen fruit juice treats), candy and school supplies.

In order to get ready for the new school term that starts in January, Liliana Patricia is asking for her first Kiva loan from Fundación Mario Santo Domingo to buy school supplies, school shoes, candy and clothes because this is the working capital she rotates for her customers as well as a few other items still unsold.

Her investment in the business will be successful because of the large number of students that circulate and live around this school sector as well as the parents who are her main customers. They order school supplies from Liliana for their children because if they lack cash she gives them to them on credit.

Liliana is persistent in everything she does. She finished high school and started a university career but ran into difficulty paying for her courses. She dropped out and started working independently in her business and has just reenrolled in the university majoring in Business Administration. She is very happy because she gets customers there too to sell her products to.

Her current profit margin is 34% so she is projecting personal and family growth as well as turning her business into a great firm.

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Translated from Spanish by Kiva volunteer Polliz

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