A loan of $575 helped to buy clothes, cosmetics and accessories that he has on order.

Jefferson's story

Jefferson is 22 years old. He lives in the Los Almendros neighborhood with his parents in the town of Soledad. He has a variety store where he offers internet service and varied merchandise such as blouses, cosmetics, perfume and jewelry. He offers credit to his customers and 80% of his sales are financed, while 20% are up front. He makes his purchases in downtown Barranquilla where his suppliers are. He pays upfront every week according to how much capital he collects. Jefferson is worried about getting ahead in life. He studies information technology and his merchandise business is supported by his mother, who is very satisfied with how responsible he is while doing his activities. He manages his internet service very well, which is his great passion. His goal for the future is to divide the family space from the work space, but his greatest challenge is his working capital, which isn't enough for his dream of investing in his businesses in a timely manner. He has a growing clientele, with orders from new customers every day. This is exactly what will facilitate his Kiva loan, the first loan he has taken out with the Fundación Mario Santo Domingo. With it, he will buy clothes, cosmetics and accessories that he has on order. He will be able to take advantage of special discounts from his suppliers for buying in volume and paying upfront. In this way, he will generate more income and be able to grow his business little by little.

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Translated from Spanish by Kiva volunteer Ellen Donohue

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