A loan of $625 helped to purchase motors and electrical supplies.

Antonio Rafael's story

Antonio is 45 years old and the father of a 14-year-old son. He sells spare parts and performs glass installations. Antonio started this business many years ago and it has grown gradually and gained position. This facilitated a change in location because his physical space requirements increased. His dream is to have his own shop where he can sell in greater volume and generate more income. He will also be able to obtain good discounts being offered in the marketplace by purchasing in this manner. Even though his customer base has grown, Antonio’s operating capital is not sufficient for maintaining an inventory of products with high turnover. For this reason he is applying for a Kiva loan so that he can buy spare parts, such as motors and electrical supplies that he can offer at better prices. This will allow him to be more competitive.

In his business, Antonio’s payment capacity allows him to meet his credit obligations and resolve his short-term commitments. His sales are generally made on a cash basis and his receivables are collected within a short period. In addition, his product turnover is fairly quick. Based on the analysis and evaluation of these financial indicators, the use of his Kiva loan should result in a successful investment and an increase in his growth potential.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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