A loan of $375 helped buy more newspapers.

Rita's story

Rita is a 40 year-old hardworking woman who is resolute in her drive to push herself forward. She is separated from the father of her children. She lives in her own home with her mother and two children, ages 20 and 4.

Rita’s occupation is selling newspapers. She wakes up in the early morning and goes to the press to purchase her merchandise. Then she sells by walking around the streets of the city until she has sold each one. She is friendly and polite to her customers, which wins the preference of her customers who wait for her each morning for their daily newspaper. She has worked in this business for over 15 years, and now she has the help of her daughter.

She likes the business because it earns her an income, which is her principal source of income. It has given her a lot of satisfaction since she has succeeded in paying for the education of her children. She considers the business worthwhile because of the income it provides her; therefore, she plans to continue maintaining her business. This will be her 7th loan with MFP, and she hopes that collaborating will help her achieve her plans. She also likes the bank because the group has unity and solidarity.

She will use the 1000 Nuevos Soles (PEN) she is requesting to invest in newspapers from diverse printing presses, so that she can have a large selection to offer. The loan will also allow her to pay in a single cash payment and get lower prices.

Translated from Spanish by Kiva volunteer

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