A loan of $500 helped to buy soft drinks and candy.


Rosa's story

Rosa is 52, and a woman who has worked hard, seeking to get ahead. In addition she is warm and friendly. She is married to José, who is a business person, but who is currently not working because of an illness he suffers from. He is the father of her children, all of whom are now adults and independent. They live comfortably together in their son's house, along with their daughter-in-law, and a grandson whom they love dearly.

Rosa sells candy and soft drinks, and for this has a space set up in her son's house. She buys these products from the distributor, and sells them among her neighbors. She is well-known, because of the time she has been in that business. She got started little by little with a loan from MFP, buying in small quantities, and on seeing the reception this had, decided to continue, so far doing this on her own.

She considers her business quite profitable because of the earnings it provides, and she uses these to pay her expenses and to reinvest in working capital. Before starting her business, she had financial problems, as her elderly husband has health problems; and as his income is not regular, he needs financial support from his children. That is why she decided to start the business, in order to support their expenses.

She hopes to increase her business's stock of products, and see it grow, in order to have greater earnings. This will be her fifth loan with the MFP institution. She is thankful to know that she will continue to have a line of credit so that she can keep her business going. That is why she says that she will be responsible in paying her installments, as with her previous loans. In addition she says she is content with her communal bank as she considers it a close-knit and responsible group.

She will use the amount of 1,300 nuevos soles applied for to purchase merchandise for her store such as soft drinks and candy, in order to supply it, and have a varied stock to sell. She will seek more convenient prices through her cash and volume purchases, in order to have greater profit margins.

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Translated from Spanish by Kiva volunteer Jeff Goldie


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