A loan of $450 helped to buy merchandise that is on sale in her catalogs.

Margarita Maria's story

Margarita has her own business in the Bonanza neighborhood in the municipality of Soledad. She sells jewelry and a variety of merchandise like cosmetics, perfumes and accessories that are on sale through specialty publications, or that have been ordered by her clients on credit or with cash. She started this 8 years ago, when a friend first introduced her to a specialized magazine that sells clothing and then later to another catalog that sells cosmetics. She works with these two sales options simultaneously and it's going very well. She was able to buy a display case, stock it and organize a commercial area in her own home where she exhibits the jewelry that she buys on credit in downtown Barranquilla, along with other products from the catalogs that she wants to show her customers.

Margarita earns important income from this business that helps her to manage her household, which consists of her partner and their 3 children ages 4 to 23. She dreams of seeing them organized and successful in the future. Her long-term goal is to increase her business, improve the infrastructure with display cases and to diversify the merchandise she offers including fashionable and affordable handbags.

The Kiva loan is her first from Fundacion Mario Santo Domingo. With it she will buy merchandise that is on sale in her catalogs because she knows the tastes and needs of her customers and she will sell these products to them at good prices, meeting their requests. Her biggest challenge is selecting customers that buy on credit, because she has to be very careful with new customers so that she doesn't lose her capital. She hopes to gradually increase her business capital with this loan and with a lot of discipline in her work.

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Translated from Spanish by Kiva volunteer Mary Berghaus

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