A loan of $575 helped to buy raw materials such as cardboard, plastic and rope in bulk.

Silvana's story

28-year-old Silvana is single and has a four-year-old daughter. Every day she makes income from her recycling business which she set up in 2011. As an industrial engineer, she used to work for a recycling company but she became sick. She had to take sick leave and then leave her job. As she had studied recycling during her time at University, and her dissertation was on this topic, when she became unemployed she decided to start buying recyclable material from big industries which she then sold on to recycling companies and companies that recycle cardboard, PVC, paper, plastics, etc. Her current dream is to further grow her business and to build her mother a beautiful house. She also dreams of giving her daughter the opportunity to enjoy a successful future. Her medium-term goal is to buy machines so that she can process the material herself because her biggest challenge is the competition which creates a lot of pressure in the market in which she works. While she works towards achieving this goal, Silvana's accounts receivable turnover period is one day and her stock turnover period is three days. It is based on these financial indicators that she would like to grow her business. This is why she has applied for a Kiva loan (her first loan from Fundación Mario Santo Domingo). She will use it to buy raw materials such as cardboard, plastic and rope in larger quantities. Her investment will be successful because she is negotiating at a good price. This will make her business more profitable and make her more profits.

Translated from Spanish by Kiva volunteer Linda Oxnard

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