A loan of $600 helped to buy clothes and household products in larger quantities.

Nancy Lorena's story

Nancy has a business selling merchandise in Almirante Colón neighborhood, in the city of Cartagena. There she sells household products and also clothes and cosmetics. Her current assets are represented in her stock which has a turnover period of 11 days. As she recovers her accounts receivable slowly, she is not able to meet her orders. This means that, although she maintains a good profitability, she does not have enough working capital to meet the needs and interests of her growing customer base. For this reason, she is requesting a Kiva loan which will be her first loan through Fundación Mario Santo Domingo. She will use it to buy clothes and household products in larger quantities so that she can not only respond to orders from her potential buyers but also obtain good discounts which will allow her to sell at competitive prices.

Nancy lives with her family: her husband and her two children, aged 10 and 18, who are studying and for whom she has many goals. She would like them to become professionals but mainly she would like them to become honest and upstanding citizens. For this reason, when she started her business five years ago, she did it with the goal of supporting her family's growth and development. At first she sold merchandise door to door, especially cosmetics and costume jewelry. She gradually added other items based on what her customers requested.

Through her business, Nancy has managed to be independent and manage her own income. For this reason, her dream is to continue growing as a businesswoman and as a person until she manages to make stable income and own a store which is well positioned.

Translated from Spanish by Kiva volunteer Linda Oxnard

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