A loan of $1,125 helped to buy bricks, cement and tiles to refurbish her business.

Carmen's story

47-year-old Carmen is a single mother. She has four children but only lives with two of them. She lives in her own home, in Tarma district. Carmen is a brave woman. She has experienced a number of problems since she separated from her children's father but she has known how to do well and face her financial problems in order to support her four children. Thanks to her efforts, two of her children are now independent and she only has to care for her two youngest.

Carmen opened a business in her own home. There she sells household essentials such as groceries, vegetables and other food products. In addition, she also set up some tables and chairs in her premises and turned it into a restaurant.

"I sell breakfasts and lunches, from Monday to Saturday, and my diners are loyal because of my seasoning", she says.

Carmen has been working in her food business for 5 years and in the grocery store business for more than 15. Everything she has obtained is down to her own hard work and the support of MFP, for which she is very grateful. Now she only has two children in her care and she will educate them and support them until they become independent.

This will be Carmen's 13th loan from MFP. She pledges to be punctual in making her repayments as she was with her previous loans. She belongs to the 'GS-006' community bank. Its members are women who share the same entrepreneurial desire. Carmen will use use the money she receives to build a bathroom in her premises so that she can serve her diners more comfortably. She will buy bricks, cement, tiles, etc.

Translated from Spanish by Kiva volunteer Linda Oxnard

Loan details

Lenders and lending teams

Loan details