A loan of $850 helped to buy fabric to make clothes and flour, cheese and cured meats to make snacks.

Blanca's story

Blanca, 61, is a widow and has three children whose ages range from 30 to 33 years. She lives in the south part of the city where she makes clothes and also has a fast food business. She’s been making children’s outfits and multiple-use garments for the last 10 years with fabric and thread on two simple machines and with hand tools. She learned the art of sewing on her own but managed to perfect it through courses that allowed her to set up her own business, work that her children who are upstanding, working people, feel very proud of her for. Blanca also carries out another activity which is the sale of fast food, a business that operates in the morning and that only takes up two hours a day. Her businesses helped her get through the mourning period when her husband died which was the greatest challenge she’s had to face in life.

Her Kiva loan is the third loan she’s had with Fundación Mario Santo Domingo. She will use it to buy materials to make the clothing she has on order and to buy flour, cheese and cured meats to prepare the snacks which she sells both for cash and on credit.

Previous loans have made it possible for her to improve her infrastructure and to have working capital available to pay cash for her purchases which led to discounts that increased her profits. Her goal is to finish fixing up her house and to continue to support her children and grandchildren who are her greatest source of happiness.

Blanca’s business operates with a gross income of 35%, a 3 to 1 liquidity ratio; an 18 day accounts receivable rotation and a 100% capacity to pay – all financial indicators that we can use to predict greater growth.

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Translated from Spanish by Kiva volunteer Polliz

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