A loan of $575 helped to buy beauty products and supplies, clothing, and Christmas accessories for home and personal use.

Marelvis's story

Marelvis is the owner of a beauty salon located in the north of the city where she offers services of personal-image improvement to women, children, and men in general. There she also sells beauty products, feminine accessories, and general store items in a space located near her home.

Her business is very well equipped with furniture and equipment that allow her to offer a good service. For this reason she generates important income with which she supports the well-being of her home, made up of her husband and their three children, ages 12 through 8. In her little store she has everything, a little bit of what her customers need. They are neighbors from the community, employees of businesses, especially of one of the most important restaurants of the city, where her husband is the manager and he supports her completely.

Currently she is planning to respond to the coming holiday season, but her working capital is insufficient to satisfy totally her growing clientele. This is why she is requesting a Kiva loan, her first funding from the Fundación Mario Santo Domingo, with which she will buy beauty products and supplies, clothing, and Christmas accessories for home and personal use.

With this merchandise her shop will have the inventory demanded by the holiday season. Also, the families, Marelvis's customers, will meet their needs very close to their homes. At the same time her investment will be successful because she will buy wholesale and get discounts, which will transfer to her profits and she will offer an excellent service, better than what Marielvis is accustomed to delivering.

In her business she manages an average profit margin of 58.78% and turns over her inventory every 27 days--very good financial indicators for this type of business, which she is hoping to increase by infusing more working capital such as Kiva offers.

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Translated from Spanish by Kiva volunteer Catharine Wall

Loan details

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Loan details