A loan of $750 helped to buy a variety of products, and soda.

Juana's story

54-year-old Juana is a hard-working and entrepreneurial woman. She is also very cheerful and sociable. She is married to Jairo and the couple have five children who are now adults and have their own families. They no longer live with Juana but visit her very often.

Juana's business is selling groceries and soda. She opened a grocery store and small diner in her home where she serves her customers. She started out with her own capital and some loans from her suppliers 30 years ago. She managed to grow her business through her hard work and commitment. She serves her customers on her own as her husband travels a lot with his work. What Juana likes about her business is that the profits she makes have enabled her to support her husband, who is a heavy machinery operator. She has also provided her children, who are her pride and joy, with a better quality of life and an education. She also feels like a productive woman and enjoys being busy. On the contrary, what Juana does not like about her work is that some of her customers ask to buy on credit which she does not allow because she has had bad experiences with this. As she has a regular customer base, she sees no reason to provide this kind of service. Juana tells us that she does not have many household expenses and so her only plans are to keep her business running.

This will be Juana's fifth loan from MFP. She feels comfortable and happy with the financial support that she receives which allows her to make progress in her business. For this reason, she pledges to make her repayments on time as she has with her previous loans. Juana feels happy to be a member of her community bank as she considers them all to be responsible and supportive people. She will use the sum of 2,000 soles that she has requested to invest in buying merchandise, such as general products, wholesale. She will also buy sodas at more affordable prices. This will allow her to enjoy a better profit margin.

Translated from Spanish by Kiva volunteer Linda Oxnard

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