A loan of $650 helped to buy perfume, underwear and ingredients to make hayacas and desserts.

Fanny's story

Fanny, 58, has two children who are 25 and 27 years old. In 1987 she left work in a condiment firm in the city to take care of her children. Since then she started buying cosmetics and blouses that she’d raffle off to earn income and help cover family expenses while tending to her home. Gradually she started to sell assorted merchandise to her main clientele. It was usually her former coworkers that she’d sell to on credit that they’d pay off in installments. This is how she formed her first portfolio of customers. She gradually added new products like shoes to have new sales lines. In 1990 she settled in the town of Barrancas, leased an oven in a store and worked for 7 years.

When she returned to the city of Barranquilla she built her own house, bought a display case and with the money she had left over bought merchandise that she used to stock her small sales point. She gradually became associated with firms that promote and sell products via catalogue. She also has another income generating activity which is making and selling desserts and hayacas [type of tamal wrapped in banana leaves]. With this activity she’s managed to provide her two children with schooling and she dreams with seeing them become successful professionals.

Currently, her growing clientele is asking for more products every day and her working capital is insufficient to meet demand which is the reason why she’s calling on a Kiva loan, her first financing from Fundación Mario Santo Domingo that she’ll use to buy perfume, underwear and ingredients to make hayacas and desserts. Her work experience, her dynamism and her determination to grow are today the reasons why her Kiva investment will be successful.

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Translated from Spanish by Kiva volunteer Polliz

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