A loan of $575 helped buy groceries at wholesale prices to stock her new store.


Peggy's story

29-year old Peggy is a hardworking determined woman as well as being cheerful and friendly. She is separated from her husband and lives with her mother and her three children aged 9, 5, and 1 in a comfortable house with she owns.

Peggy earns her living selling soft drinks, a business she started using her own money and buying in small quantities at the beginning. She has a refrigerator that she bought eight years ago with her income as a teacher. Now she uses it for her business, keeping the drinks at the cold temperature that her customers like. She’s had this business for over a year and likes it as she can work from home and look after her much-loved children at the same time. Also she earns enough money to cover the family’s expenses.

Now Peggy wants to expand the business and open a store selling groceries and other products. This will be her third loan with MFP; she expects to do well from this partnership and continue reaching her goals. She is happy with her community bank and finds the members friendly. With the S/.1500 she is seeking, Peggy will buy groceries at wholesale prices to stock her new store.

Translated from Spanish by Kiva volunteer Jane A


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Loan details