A loan of $625 helped to purchase articles of clothing, shoes, and accessories.

Yolima's story

Yolima is 35 years old and he is the owner of a store called "Cosas y Cositas Jehova Yiret". From this business she sells articles of clothing, shoes, and accessories for both men and women. She has 3 years' experience and she has been the owner for the past year. Yoliva started her business as a great opportunity. She started out as an employee, working for the first two years. When Yolima took over the reins, managing the business, the owner was motivated to sell her the business when she was going to relocate. And she bought it by making payments. She makes her purchases in the cities of Bucaramanga and Medellin. Her business operates with a steady client base, passers-by, and especially with the population in the sector. Her plan is to develop a new sales strategy. The plan consists of giving buyers the opportunity to lay way the product they wish to buy with an initial payment. The person can make payments until the full price is met and at that time they receive their product. Yolima wants to expand her business and she wants to invest to improve the selection and to supply it to meet the emerging needs of her clientele. For this reason she requests a Kiva loan. It is the first loan she accesses through Fundacion Mario Santo Domingo (Kiva Field Partner). She will purchase articles of clothing, shoes, and ladies' accessories. Financially speaking, this burins enjoys steady sales which are generally completed in cash. The current assets represent cash and credit sales. Credit sales are cancelled quickly and her inventory is also sold quickly which speaks to sound business management. Her profit levels demonstrate a good level of solvency. Her goal for the future is to have a store of her own, well stocked with whatever the target market requires. it is important for her to have profitability to be able to respond to her obligations, and it is what she is enjoying at this time.

Translated from Spanish by Kiva volunteer

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