A loan of $550 helped to purchase more merchandise to sell in his store.


Julio Mercedes's story

Julio is 36 years old, married, and has three children in school. He and his family live in their own home in Monsefú, an area known for its tourist and religious festivals. This district is located twenty minutes away from the city of Chiclayo. Julio’s community receives basic services such as electricity, water, and sewage drainage.

For the past three years, Julio and his wife have managed a small store in their home. There they offer their neighbors and customers different everyday consumer products ranging from basic necessities to groceries. This business has been well-received and has an established customer base since it is one of the few stores in the area. Julio also provides masonry and plumbing services to earn additional income for his family.

He wants to invest this loan in the purchase of more merchandise, such as school supplies, to sell in his store. In addition, he plans to use part of the loan to pay for the school expenses of his young children. For this reason, he is requesting a loan from Edpyme Alternativa in the amount of 1500 PEN. Edpyme is offering this loan at a very low interest rate. This will allow Julio to work effortlessly without having to resort to informal lenders that charge high interest rates, which would impact his daily liquidity and slow the growth of his family business. Julio is a repeat client of Edpyme Alternativa and has good personal and work-related references. He is extremely grateful for the Kiva loans that have helped support the growth of his business and improve the condition of his family.

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Translated from Spanish by Kiva volunteer Ronan Reodica


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