A loan of $575 helped to purchase ink and card stock and expand and prepare a location to set up a bookstore.

Elena's story

María, 59 years old, is a hard-working woman who looks for ways to make progress and is always alert to any business opportunity. She is also cheerful and sociable. She is separated from the father of her children. She lives comfortably with her two children, who are 25 and 28 years old, in the home of her mother, along with two newphews and their mother, all of whom she loves a great deal. María's business activity is a printing service where she performs all types of graphical work, providing her customers with a high-quality service that earns her their business.

She began 30 years ago with her own capital. She saw that this would be a profitable business, given that there were few people providing this service, so she decided to open a printing business in her house. She obtained the machinery with her own capital, in partnership with her ex-partner. She currently has the support of her brother and his children to attend to the customers. She likes this business because it lets her see her family working together, provides her with income, and allows her to support herself. On the other hand, every day she finds this work more tiring due to her advanced age and a disease that has been affecting her for some time. She knows, however, that she needs to continue, as it is her only source of income. As well, she has plans with her children to expand the business and add a bookstore in the space that she has available in her house, in an attempt to increase her income.

This will be her fourth loan with MFP. Because of this she is hoping for their collaboration so that she can finalize her plans. As well, she says that she feels comfortable with her communal bank because she considers them to be responsible and supportive people. With the requested amount of 1500 nuevos soles (PEN), she will invest in the purchase of materials to expand and prepare the space for the bookstore. With the balance, she will purchase printing materials, such as ink, card stock, and other items. She will be looking for the lowest prices to make her purchases in bulk with cash payment.

Translated from Spanish by Kiva volunteer Nancy Leveson

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