A loan of $400 helped to buy raw materials and to invest in making structural improvements to his patio where his production area is located.


Juan's story

54-year-old Juan has a small factory where he makes 'bollos de maiz'. He lives together with his wife and his three children who are 18 and 19 years old. He dreams of seeing his children become successful professionals and this is what he is working towards. Juan's business was born when, through family tradition, he started making 'bollos de maiz' (a corn mixture, wrapped in leaves and tied with twine), in order to support his family. He has achieved his goal as he has one son who is nearly a professional and the other two are also on this path, in a field they enjoy. Juan makes his sales from home, for cash and on credit. He also has a sales location outside a very well-known supermarket in the city, near his production site. Juan's goal is to further strengthen his business every day and for his children to become well-respected professionals. His greatest challenge is a lack of sufficient working capital when faced with growing demand. He would like to buy in larger volumes so that he can obtain discounts. This is precisely why he is applying for a Kiva loan (his first loan from Fundación Mario Santo Domingo). He will use it to buy raw materials and supplies, so that he can increase his production and improve his access to new customers through stores, grocery stores and other sales locations. He will also invest in making some structural improvements in his patio which is where his production area is located. This will allow him to carry out his work more efficiently.

Translated from Spanish by Kiva volunteer Linda Oxnard



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