A loan of $1,500 helped to buy more second hand clothes.

Carmen's story

Carmen, 54, is an enterprising, charismatic woman with the desire for self-improvement. She lives with Francisco, who works in civil construction, and is the father of her three children, Freddy, 33, Francisco, 26 and María, 23, and with a three year old grandson who she loves very much and inspires her to continue forward. They live in their own house which she built with support from her spouse.

Carmen works selling second hand clothes for all occasion for women, men and children; she does this both at home and in a stand in the market. She is highly sought after in the zone by friends and family. She buys all her merchandise in the capital. She started the business with her own capital and sometimes when she can’t travel a relative sends her the merchandise from the capital saving on travel expenses and earning more profits.

She’s been carrying out this activity by herself for more than 8 years and has become well-known and has been increasing the number of her regular customers; her daughter has been helping to date. She also considers the business to be very profitable because of the profits it produces and because of high demand for her products; she often selsl out everything she has available.

On the other hand, she comments that she started the business wanting to earn her own income, to feel independent and not be dependent on her spouse’s income as well as being able to help him meet household expenses. Attaining good results, she hopes her business will grow so that she can use profits to open a grocery store at home.

This will be loan #2 with MFP. She comments that she’s grateful for the opportunity of being able to rely on this line of credit to make her plans a reality. Therefore, she commits to make her installment payments like she’s done with previous loans to have good credit history and access to more future loans.

She will use the requested 4000 new soles entirely in the purchase of merchandise like second hand clothes in assorted sizes and styles for women, men and children. She will buy all of this merchandise in volume looking for the lowest prices for her purchases so that her profits will be higher.

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Translated from Spanish by Kiva volunteer Polliz

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