A loan of $450 helped to purchase ingredients in large quantities and to purchase tools to modernize her fried foods business.

Margarita Lucia's story

Two years ago, Margarita sought to improve the wellbeing of her family so she started her business selling fried foods and soft drinks. She acquired a working capital through private and very expensive loans, which have been completely cancelled today. She thought of this idea because her husband is a taxi driver and he was the only one earning an income for the family's needs. Their family is made up of them both and their 6 children, between the ages of 2 and 17. Today, Margarita generates an income which helps with the household expenses and she feels very happy to earn more every day. She currently plans on increasing her sales and she is applying for her first loan with Fundacion Mario Santo Domingo (Kiva Field Partner). Her Kiva loan will be used to purchase ingredients in larger quantities and to purchase tools to modernize her fried foods business. She will give a better presentation to her clients and she aspires to increase her sales profits so that they are no less than 30%. Her dream is to have her own house and to expand her business so that in the future she will have savings. This will help her provide her children with a quality education for a successful future. Her greatest challenge she has faced in the past when she paid high interest to start and maintain her business. But it was an experience that taught her how to discipline herself in her business.

Translated from Spanish by Kiva volunteer

Loan details

Lenders and lending teams

Loan details