A loan of $1,100 helped to buy sacks of flour and sugar, crates of eggs, and bags of salt and flavorings.

Lucy's story

Lucy belongs to the communal bank "Las Moralinas" in the Morales district. She is single, 35 years old, and is the mother of 2 dependent children. She completed her high school education, and she told us that she also has taken some advanced classes in dressmaking, but she was not able to complete those studies.

Lucy has a business selling bundt cakes. She has been in this line of work for more than 5 years. She entered into this business through the initiative of her cousin, who lent her an oven so that she could start making her first products. Through her efforts and perseverance she was able to get ahead and her business grew into what it is today. With her first loan of 300 Peruvian soles she was able to set up a small store, and this gave her sufficient income to take up the idea of having a bakery, an idea that she has pursued until now.

With this loan of 3,000 Peruvian soles, she will acquire an industrial mixer as well as ingredients and supplies that she will use in the preparation of her cakes: sacks of flour and sugar, crates of eggs, and bags of salt and flavorings. In addition, she will invest part of the money in expanding an area of her home where she can exhibit and sell her products.

Lucy is very grateful to the Movimiento Manuela Ramos organization for the unconditional support provided to female entrepreneurs like her.

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Translated from Spanish by Kiva volunteer Lisa Grobar

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