A loan of $1,000 helped to buy merchandise for her retail businesses.

Fanny's story

Sra. Fanny, 45, lives in an anticretico in Abasto. [An "anticretico" is a kind of lease-purchase tenancy arrangement common in Bolivia.] She is a single mother with two daughters who help her with her business when they're not in school. Fanny sells new clothing (jeans for men, women and children; sweaters; and blouses), all made in Panama, that she buys from a local wholesale market. She works as a street vendor and sells on credit. This is her second loan and she proved before that she is a responsible borrower. She will use part of the loan to buy merchandise (clothing, footwear, purses) for her business and the rest for a new business selling bulk supplies of potatoes and onions in the market at Abasto. She is confident that she will earn a good income from the new business. Sra. Fanny is determined to make a success of whatever she does because she's driven and hard working.

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Translated from Spanish by Kiva volunteer Jere Wiseman

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