A loan of $950 helped to buy foodstuffs, groceries and a freezer.

Ruth's story

Ruth M. is a young, 28-year-old woman living in the town of Arjona, Bolívar Department. She has a store called “La Nina Danna” that is her main source of income to support her two children who are 4 and 6 years old.

She started the business less than two years ago with a small amount of working capital. With her efforts she gradually was able to add a cooler, that she bought on credit and has since paid off, as well as merchandise. Her sales have increased gradually until they were sufficient to capitalize it.

She is currently applying for her first loan from Fundación Mario Santo Domingo to stock it. She will, therefore, use her Kiva loan to buy foodstuffs, groceries and a freezer. She expects this investment will be successful because it will bring a larger volume since she will have some place to keep meat, chicken and fish that will make it possible for her to offer more variety but, above all, be able to keep these items following the required hygienic and quality control conditions they require.

Later on, she plans to add stationery items and notions to her stock because she persists in the desire to expand it still more to earn higher profits and someday buy a house of her own as well as offer her children educational opportunities of higher quality. Meanwhile, she works producing a profit margin of no less than 25%.

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Translated from Spanish by Kiva volunteer Polliz

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