A loan of $625 helped to buy oranges and ingredients for his fried fast foods, a keg, a thermos and he'll do some repairs on his fruit juice cart.

Alirio's story

Alirio, 38, lives in the south part of the city with his spouse and two children who are 7 and 14 years old. He has a business there where he makes and sells orange juice, arepas [stuffed turnovers], turnovers, fried banana chips, fried cheese sticks and fried dough. His work schedule is 7am to 5pm Monday through Sunday. He has little competition and his customers are passersby in the 20 de Julio neighborhood, a community that combines both formal and informal commercial spaces, sports venues, multiple unit apartment buildings, houses, apartment complexes and Alirio’s business is located precisely on the busiest street. His sales are cash and daily and his purchases are also cash and also daily. He works in the business with his wife and 100% of his income comes from this activity. His goal for later on is to furnish the locale he plans to move into very soon; it’s a place near the current one.

While Alirio works toward making his dreams come true, he manages a profit margin on sales of no less than 24.5% and a daily inventory turnover rate, indicators from which we can project potential growth and augur a successful investment of his Kiva loan which is the second financing he’s gotten from Fundación Mario Santo Domingo and that he’ll use to buy oranges and ingredients for his fried food snacks, a keg, a thermos and he’ll do some repairs on his fruit juice cart which is what he uses for all his sales.

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Translated from Spanish by Kiva volunteer Polliz

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