A loan helped to buy sugar, flour, butter and starch.

Margoth's story

Margoth, 27, is a hardworking woman with a strong desire to get ahead. She lives with Diego and they have two children. They live in her grandfather’s house in the company of her uncle and her two brothers.

Margoth’s activity is making sweets and a regional beverage called Masato (cassava-based liquor) to sell. She learned how to make the sweets, like kekes, rosquillas and pancitos [traditional cakes and cookies], thanks to her uncle’s teachings. They are then sold in the streets. She’s been doing this work for 6 months and thanks to it she’s earned income to feed her children. On the other hand, she’s happy because at least she has an occupation despite not finishing her schooling.

Now that she has more income, she plans to invest in a new business: open a soda fountain at home. Because of this, she’s decided to take out her first loan with MFP to make her plans a reality. She comments that she feels comfortable with her communal bank because she knows most of the members and considers them to be responsible, supportive people.

She will use the requested amount to buy ingredients to make her sweets like sugar, oil, flour, starch, butter and others at wholesale prices so that her profit margins will be better.

Translator profile picture

Translated from Spanish by Kiva volunteer Polliz.

Loan details

Lenders and lending teams

Loan details