A loan of $950 helped to buy basic household staples to sell.

Gloria's story

Gloria is 27, and a very hard-working and determined woman, besides being cheerful, and eager to get ahead. She lives with her partner Andrés, who works in transportation and is the father of her two children, ages 12 and 4. They live together in their own house.

Gloria sells grocery staples, and for that purpose has a small general store that she opened in her own home. Starting out with her own working capital, and serving her clients in a warm and friendly manner, she has earned their preference. She has been working in her business for more than eight years, and up to now she has had the support of her partner, who serves the public in his spare time.

She likes her business because it generates income for her, and she can be in the comfort of her home, and have the time available to look after her children. She considers the business to be quite profitable, because of the good earnings it provides. That is why she has plans to increase her stock of products, and make her general store grow, until she converts it into a minimart selling a great variety of products.

This will be her fifth loan with the MFP institution. She is very happy to know that she will have financial support, as in this way she will feel secure in moving forward with her business. Moreover, she promises to once again make her installment payments, as with the previous loans she had. In addition, she appreciates being part of her communal bank, because all the members are responsible and very supportive people.

With the amount of 2,500 nuevos soles applied for, she will invest in the purchase of more merchandise such as groceries in general, in order to have stock available for sale, seeking lower prices because of her volume purchases.

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Translated from Spanish by Kiva volunteer Jeff Goldie

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