A loan of $1,100 helped to buy irons, blenders, cell phones and USB memory sticks.

Elizabeth's story

Elizabeth started her business experience with a notebook where she registered her orders for merchandise. She would pay for it upfront and sell to a few customers on credit so they could pay her easily. She sold towels, sheets, ornaments, and cosmetics. Later, in a locale in the center of Barranquilla, she decided she would sell only the cosmetic line. This didn't meet her expectations, so finally she went to a wholesale dealer of household appliances and they decided to sell both things in the same locale. Elizabeth sells the small appliances and he, the wholesaler, sells the large appliances with a sublet because she pays for the space. Her Kiva loan is the third loan Elizabeth has had with the Fundación Mario Santo Domingo. With it, she will buy irons, blenders, and cell pones as well as USB memory sticks. She wants to take advantage of the high demand these items have had and the easy turnover. With her previous loans from this organization, she has been able to increase her working capital and more than anything serve her customers. That is why she is grateful to the Foundation for its financial support. With it, she has been able to supply her business with a variety of items. Her dream and great challenge is to have alternate points of sales in other commercial centers so she can increase her income and continue with her spouse, plannig their family growth. While this is happening, Elizabeth is working persistently on her business, able to support herself in the market with sales profits of no less than 21%, which she plans on increasing gradually.

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Translated from Spanish by Kiva volunteer Ellen Donohue

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