A loan of $550 helped to purchase car accessories such as oils and air fresheners and to purchase a steam cleaning machine.

Saul Alexander's story

Saul Alexander is 19 years old, single, and he lives with his parents. Given his parents' limited financial resources he was not able to stay in school. He only has a basic level of education. He has two brothers, and older and a younger. His father is the owner of a blacksmith shop and his mother is a housewife. This young entrepreneur started out working with his father in the shop and he got to know many people when he saw the opportunity to set up his own car wash business, given the number of vehicles that passed daily through the region. He started out this business 3 years ago and space where his business is established belongs to his father.

He started out his business with his own funds and for the first time he is requesting a loan. The loan will be used to purchase vehicle accessories (oils, car fresheners, etc.) and to repair his steam cleaning machine. The business is managed by himself and by his brother. They open their business at 6:00 in the morning and the finish at 6:00 in the evening. The location of the business is appropriate because it is found on a coastal road and the flux of vehicles is very good. There is only one other car wash in the region. Young Saul's goal is to attend to a larger number of clients and to provide complementary services such as the sale of accessories. Currently people only come to wash their car and they go to the other business (the competition) to buy their accessories. The other limiting factor is that he can only do the body wash. He doesn't have a steam cleaner so he cannot wash the motors and this represents is a loss of income.

His plans for the future for this young entrepreneur are to: strengthen his business with better tools and to expand his service to include a vehicle repair shop. He also wants to start preparing himself financially and to buy home appliances to get married and to live in a dignified way. Finally, his long-term dream is to have a house and to form a successful family in his society.

Translated from Spanish

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