A loan of $625 helped to buy larger quantities of food, groceries, beverages and basic family supplies to sell.


Alvaro's story

Álvaro lives in the municipality of Soledad with his wife and their two children, ages 5 and 8. There he has a store where he sells food, groceries, beverages, meat and basic supplies that housewives buy in small quantities every day. He has had his business for 4 years and it is run by himself and his wife. One notes the store’s visible improvements due to this couple’s fine management.

Their philosophy of service makes them very well known in the area they serve and their customer base is growing every day. However, their daily working capital is insufficient for the projected growth they have as their principal goal. This is the reason they approached Kiva credit so that they can buy a variety of merchandise that has the greatest turnover. Such a supply of goods would be significant for their daily growth.

Álvaro’s dream is to establish a branch of his business, since his experience indicates that his family can progress only in an orderly way. This is his plan so that his children will have the greatest sense of well being possible, thereby increasing their likelihood of a successful future. His greatest challenge is the daily transportation of his products, since it is not easy to find an available vehicle to borrow; consequently in the future he plans to have his own. His business shows a good liquidity index, his accounts receivable turn over quickly, as does his inventory and his profitability index displays efficiency and solvency, which can be utilized in future commitments.

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Translated from Spanish by Kiva volunteer Diane Chaney



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