A loan of $600 helped to buy basic materials in larger quantities, such as cloth, yarn, thread, etc.

Angela Maria's story

Angela, 25, lives in the city of Cartagena with her spouse and one-year-old son. She has a business making crafts and handiwork she makes with her own hands: rag dolls, picture frames and other items for which she employs the use of "country" style, a technique she learned from her mother who has a business with these same characteristics. Her goal is to expand the structure of her business, making clothing and becoming a famous designer, but her greatest challenge is the lack of capital for achieving it since, with her growing clientele, money runs short for investing and increasing her earnings.

Thus she turns to her Kiva loan, her first financing with the Mario Santo Domingo Foundation, with which she will purchase basic materials for her business. She expects the investment will be successful because she will buy in greater quantities and be able to respond to her expanded customer base more promptly. In her business she yields an average profitability of 49.6%, from which she plans her gradual growth in her business.

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Translated from Spanish by Kiva volunteer Meg Wolfe-Roberts

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