A loan of $625 helped to purchase a variety of clothes for women, men, and infants.

Carmen's story

Carmen is 42 years old and lives to the south of the city with her husband and 10-year-old child. She sells a variety of merchandise, especially clothes for women, men, and infants. Carmen started her business 20 years ago, buying clothes that she would sell later to the public. She ordered clothes that have an elegant look. Her main customers are from her hometown and from the Departments of Sucre and Bolívar. Carmen extends credit to her customers and is very judicious with the payment terms that she offers. Her dream is to grow her business so that her daughter can pursue a quality professional education. With her first Kiva loan through Fundación Mario Santo Domingo, Carmen will buy clothing for women, men, and infants of all brands.

Carmen is confident that her investment will be successful because of her experience. She works primarily from orders and offers a variety of good quality merchandise at affordable prices. Carmen also adjusts her payment terms based on the customers that she is targeting. She manages to generate a profit from her sales within a period of no less than 32 days. Her accounts receivable period is 30 days. These indicators are the signs that predict her potential growth, which will increase with a successful investment of her Kiva loan.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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