A loan of $550 helped purchase of bulk non-perishable goods, such as rice, oil, flour, and sugar.

Eusebio Ricardo's story

Euesbio G., 60 years old and married, moved to the city of Barranquilla, Colombia 11 years ago from the municipality of Cerete where he used to live. He used to work at Cerromatoso, a large producer of ferronickel - an alloy of iron and nickel - in the department of Cordoba; he is now waiting for his retirement pension from this company. Eusebio lives in the 7 de Abril neighborhood in Barranquilla, and he owns the "Tienda los Abuelos" (Grandparents' Store), a business that he began at his sister's suggestion. The store is now a source of income and employment for him and his wife, and because of this, both are known in the area as "the grandparents."

This is Eusbio's sixth loan with the Mario Santo Domingo Foundation, and he is applying for his first Kiva credit to buy non-perishable goods, such as rice, oil, flour, and sugar, in bulk so that he can buy at a discount and continue offering excellent service, which will help him succeed in his investment. His business has grown since be began taking out credit with the Foundation, because each loan is an addition to his work capital that allows him to expand to have all the products that his customers need at an affordable price. Through this growth, the couple has been able to sustain their business well.

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Translated from Spanish by Kiva volunteer Mairead Harris

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