A loan of $675 helped to buy five dozen pairs of sandals, seven oil paintings, handicrafts, ceramics, costume jewelry, clocks and a large volume of basic ingredients for making fried foods..


Efrain Enrique's story

Efrain is a 57-year-old man who has three children between the ages of 15 and 27. He lives in the city of Malambo where he works selling a variety of merchandise such as oil paintings, fried snack foods and prepared lunches. He began his business experience seven years ago with a shop, but he extended credit that in many cases was unrecoverable, and had to change the business so he could achieve alternatives which were more profitable and less risky. Thus, with the support of his two younger children, they began to sell products through specialized guides to which they later added sandals, costume jewelry and the making of oil paintings. Efrain is always looking for income opportunities to bring in money every day. He began selling fried snacks on a daily basis and lunches on the weekends.

His goal is to progress in his business little by little, and be able to set up a shop, and stock it with all the merchandise he sells. His greatest challenge is to be able to offer a quality education to his children. This Kiva credit is his first loan with the Fundación Mario Santo Domingo. With it he will purchase five dozen pairs of sandals, seven oil paintings, handicrafts, ceramics, costume jewelery and a large volume of basic ingredients for making fried foods and the lunches he sells weekly. Currently his customer base is growing day by day, and, as he makes his dream come true, he continues on diligently to bring in a family income by means of his business, in which he achieves a profitability of no less than 51%.

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Translated from Spanish by Kiva volunteer Meg Wolfe-Roberts



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