A loan of $1,625 helped a member to purchase merchandise for his store.

Esfuerzo Y Voluntad Group's story

Laureano is a micro-entrepreneur who is 50 years of age. He is married and has four daughters and two sons. They reside in Colonia Quimica in the town of San Francisco de Yojoa.

Don Laureano started his current businesses in 1999. He and his wife had some savings, so they decided to invest the money in a general store and the purchase of a used automobile for use as a taxi. If left in a bank, their savings would earn very little. They would eventually spend it all and be left with nothing. His wife helps with managing the store while he is in charge of driving the taxi. Their store is open from 6am to 9pm. Laureano has learned to manage his businesses through on-the-job experience. Thankfully, he has not had any major difficulties.

The loan Laureano is requesting will be invested in the purchase of dairy products, chicken, donuts, rice, sugar, cornmeal, coffee, candy, beans, and other necessary products that are part of the daily family diet. With the help of this loan, Don Laureano will be able to restock his store and offer a wider variety of products to his customers. As his S. increase, so will his earnings. Sometimes he has cash flow problems because some his customers are extended credit for their purchases and are slow with their payments.

His goal is to have a mini-market that is profitable so that he can provide better living conditions for his family. This is Laureano’s first loan with FAMA and he hopes to complete his payments on time.

In this group: Sandra Yadira , Laureano , Mayra Esmeralda , Lilian Maribel , Ana Julia , Maria Celenia , Lidia

Translator profile picture

Translated from Spanish by Kiva volunteer Ronan Reodica

Loan details

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Loan details