A loan of $550 helped to buy merchandise for Christmas such as toys, women’s accessories, and formal clothing.

Alba Lucia's story

Alba is 54 years old and lives in the July 20th neighborhood with her family which consists of her husband, a merchant who sells housewares door-to-door, and their five grown children. She manages a store where she sells stationery, toiletries, seasonal gifts, and a variety of other products such as sodas, snacks, and packaged lunches. Her customers include her neighbors and people who pass through the area. She sells on a cash basis. Alba purchases her merchandise in the central part of the city of Barranquilla.

She has been managing this business with one of her daughters since 2003. Alba is continuing a tradition since everyone on her father’s side of the family was in the retail trade. Her primary customers are residents of the neighborhood and from the surrounding areas. She also serves pedestrians who visit the neighborhood. Although the level of competition is high, Alba Luz is able to maintain good service. She responds to the needs of her customers and offers competitive prices. At the moment, she dreams of growing as an entrepreneur and considers this moment to be one of the best times to invest in a loan for her business.

Alba is submitting a request to Fundación Mario Santo Domingo because she knows this season is traditionally the time when her cash sales increase and her inventory has rapid turnover. With this Kiva loan, her first form of financing, she will buy items for Christmas such as toys, women’s accessories, and formal clothing. Her customers have already placed their orders, so Alba is guaranteed of very quick turnover and the need to increase her operating capital.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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