A loan of $575 helped to buy fabric remnants.

Gumercinda Isabel's story

Gumercinda lives with her 22 year old daughter in the town of Soledad; she makes and sells mats and industrial cleaning rags that she makes out of fabric remnants that she buys from clothing manufacturers in downtown Barranquilla 20 minutes away from her town.

She has the entire process installed at home and she works it alone. She assembles them and sells them mainly to local retailers who are her main market. She’s done very well with her business but her working capital is insufficient to expand in her market, increase sales and respond to her great challenge which is competition; this is what Gumercinda wants to accomplish and the reason behind her Kiva loan request, her first financing from Fundación Mario Santo Domingo that she’ll use to buy fabric remnants in larger amounts. She will thus qualify for volume discounts which she will most assuredly pass on to operational costs and will increase supply and number of customers which is precisely where she justifies her investment’s success.

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Translated from Spanish by Kiva volunteer Polliz

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