A loan of $750 helped a member to purchase groceries for her grocery store.

Juan Francisco Group's story

Marina Maribel is a 38-year-old entrepreneur. She is married and has three daughters and two sons. She is a very hard-working and optimistic person who lives in the village of Juan Francisco in the Concordia municipality.

Marina started her grocery store 10 years ago when her husband emigrated to the United States in search of the American dream. She and her children were left alone for a time, without any source of income. So, since her mother sold groceries, she helped Marina by lending her some products so that Marina could convert part of her home into a small convenience store. This is how Marina got her start. Later, when she found out that FAMA provides loans to people with small businesses, she went to their offices. After making a loan request, it was approved. With the money that she received she was able to buy more products and return what she had borrowed from her mother.

Maria needs this new loan to purchase salt, sugar, pasta, rice, butter, toothpaste, soda, soup, toilet paper, coffee, sweets, bread, and other products for consumption and home use. With the support of this loan she will be able to stock her grocery store with more products and a greater variety. This way, her sales will increase and her income will be better.

Her goal is to expand her business until it is a mini-market, and also to set up a stand for selling candy at night. Her fellow group members sell candy (Reyna) and donuts (Agustina). Marina has taken out at least 10 loans from FAMA and this has allowed her to keep her business going, to maintain her family, and to keep her daughters in school.

In this group: Marina Maribel, Reyna De Jesus, Agustina Del Rosario

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Translated from Spanish by Kiva volunteer Christine Cooper

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