A loan of $875 helped to pay rental contract for her stand..


Monica's story

Mónica sells food. She’s the sister of a longstanding agency client; her sister is very punctual and responsible.

Mónica had always acted as loan guarantor but now wants to take out a loan. She has sold food in a stand for several years now. Her stand is located in the Tejada Sorsano zone and she rents it. She now wants to acquire the stand through the ‘anticrético’ modality [a transaction not available in the U.S. whereby a property owner requests a "loan" from you in exchange for housing, which must be paid back to you at the end of your contract. If your loan is not repaid, the property owner loses the property to you] and this is why she’s requesting the loan. Her wish is to someday be able to buy the stand.

She has a 17-year-old daughter going to high school and she is currently separated. She raises her daughter by herself and feels happy for the opportunity she’s been given through the granted loan.

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Translated from Spanish by Kiva volunteer Polliz



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