A loan of $1,075 helped to purchase more products to stock up her store.

Magaly's story

Magaly, who is 21 years old, is a happy and hardworking single, young woman with a desire to be successful in life. She lives at home with her parents, and her greatest desire to earn better wages in order to provide financial stability to her future family. Magaly is a very hardworking woman; she strives to excel in her arduous work. She is a shopkeeper with a sales post in her community market. Her store is very busy with shoppers who know that Magaly has a variety of merchandise in her store. They don't hesitate in purchasing from her because they have the security of knowing that in Magaly's store, they are going to find the products they are looking for. What Magaly likes most about her work is conversing with her customers. In fact, it's one of the strategies she employs to earn more costumers. Magaly has been in this business for 3 years, and she feels that the hardest part is staying on her feet all day. With time, she plans to invest her earnings in another type of business and enter into clothing sales. This is Magaly's first loan with MFP. She feels that this investment will greatly help the progress of her work, and she is prepared to punctually comply with her repayment schedule. With the requested loan, Magaly will purchase more supplies for her business and stock up on merchandise.

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Translated from Spanish by Kiva volunteer Marni Siegal

Loan details

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Loan details