A loan of $550 helped to buy modern accessories and spare parts for cell phones, in order to modernize her current stock.

Virginia Maria's story

27 year-old Victoria lives in Cundinamarca (Bogotá) with her husband and one-month-old daughter. She works together with her husband selling and repairing cell phones. They also sell accessories and repair jewelry and watches. They set up the business 4 years ago in San Fernando neighborhood where it is still located. This is a commercial area where there are stores selling vehicle spare parts and accessories. Victoria takes good advantage of this market in order to sell cell phone minutes and cell phone top ups for all the operators on the market.

This couple's business has assets which include a laptop, equipment for repairing jewelry, display cases and the cell phones which they sell. Their working capital is invested in the stock that they have for sale: cell phones, cases, hands-free phones, and other products. They sell for cash so they don't have accounts receivable, and their stock turnover period is 22 days. In the future, Virginia plans to set up another location but first she will try to position herself with completely distinctive and innovative products which will attract her existing (and potential) customers' attention and make them want to buy.

Victoria is currently requesting her first loan from Fundación Mario Santo Domingo which she will use to buy cell phones and accessories, and spare parts for cell phones, in order to improve her current stock and modernize her business. Victoria's dream is to continue building a prosperous and successful family future, together with her husband, so that when her daughter grows up she will enjoy the best well-being possible.

Translated from Spanish by Kiva volunteer Linda Oxnard

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