A loan of $575 helped to buy larger volumes of ordered merchandise and ingredients to make desserts.

Alexis's story

Alexis, 43, lives in Soledad and has a business selling products by catalogue, either directly or to third parties. Apart from this activity she also seeks out market items that do not appear in her catalogues and which her customers ask her for. And she makes desserts with help from the daughter who lives with her. For a year now she has been living in an apartment on the second floor of a relative's home. The father of her children is in the process of buying the apartment as a gift to the family.

Her main customers are homemakers among her neighbors, young students, relatives, employees and customer referrals. She offers great credit and cash terms. Her sales revenue is the sum of all the merchandise she sells. She manages cash to pay her bills and to reinvest in the business which has good financial autonomy, allowing her to meet supplier obligations. Her goal is to buy larger volumes of merchandise in general and finance her orders. She also wants to produce more desserts. But she does not have the necessary capital for all her projects. Therefore she is requesting a credikiva loan which will help her reach her goal immediately. Her profitability is 25%, accounts-receivables 45 days and inventory turnover to days. These are the business indicators she uses for calculating growth potential.

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Translated from Spanish by Kiva volunteer Sherry Bess

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