A loan of $625 helped to purchase three more washing machines.

Habit's story

Habit is 35 years old and lives with his wife in southwestern Barranquilla. He makes a living renting washing machines. His main customers are housewives who no longer want to manually wash items under the hot sun in Caribbean Colombia. He decided to start this business 10 years ago when as a product of his job as a guard he decided to buy eight washing machines with cash, and since then he strives daily to satisfy his market. His goal for the future is to acquire a motorcycle so he has better transportation from where his business is located to where each customer needs him to be. Habit is applying for his first loan with Kiva partner Fundación Mario Santo Domingo because he wants his business to continue to grow. With the loan, he plans to add three more washers to his inventory, which will help him generate more revenue, since he has lost customers because the machines he has are loaned out to other clients and his growing customer base requires more attention so he can keep perfecting his craft. While he works hard to improve, his business handles a return on sales of no less than 40 percent and an autonomous consumption rate of 91 percent. He works every day to improve his welfare and that of his family.

Translated from Spanish by Kiva volunteer Marty Greenstein

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