A loan of $625 helped to purchase stationery items for the home as well as clothing accessories.


Nancy's story

Nancy is 40 years old and lives with her three children in the municipality of Malambo, a metropolitan area of Barranquilla. She runs a general store which she began 11 years ago when she lived in another suburb in the south of Barranquilla. Two years after she set up her business, Nancy moved to Malambo, taking advantage of the fact that her sister ran a well-known store in the area. It was actually her sister who recommended that Nancy join the Mario Santo Domingo foundation, as her growing client base wanted new products and her working capital wasn't enough to meet her customer's demands. With the loans she obtained Nancy was able to keep her store continually stocked up with a diverse range of products for the home, which is still the case today. In spite of the challenges she has faced, Nancy has always been able to get ahead with the unconditional help of her children. Nancy accepts cash and credit payments from her customers who live locally in her area, which sees a lot of business.

This Kiva credit will be the third loan that Nancy has taken out with the Mario Santo Domingo foundation. With this loan she will buy stationery items for the home as well as clothing accessories. This investment is destined for success as it has been planned at a time when sales traditionally pick up around the Day of Love and Friendship, which is celebrated during the months of August and September.

Nancy dreams of expanding her business, which is why she has her heart set on achieving sales goals in her general store. Based on workload and projected sales, her future profits can be estimated at no less than 35%.

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Translated from Spanish by Kiva volunteer Suzanne Grasso



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