A loan of $1,150 helped to buy shoe making supplies.

German's story

German lives in San Jacinto, a town in Bolívar Department, with his spouse and two children who are 14 and 21 years old respectively. He works making shoes there, an occupation he learned when a cobbler came to this town and set up a workshop and German worked as his assistant for many years. He also sells agricultural products seasonally, that is, at each harvest; he learned this activity by tradition since that was his father’s occupation. With these activities he’s managed to support his home and for the last two years has been getting help from Fundación Mario Santo Domingo.

With this organization’s loans he’s been able to have more working capital on hand to be able to carry out effective negotiations because he used to work with costly loans from individuals who ended up keeping most of the profits his work produced. Today with his loans he’s attained better living conditions and he dreams with making his business grow much more taking advantage of the fact that he lives in a very commercial sector with much growth potential.

He is currently applying for a Kiva loan, the third financing he’s gotten from the Fundación that he will use to buy materials to make new shoe designs. He will also buy backpacks and purses to sell as well as avocadoes.

His investment will be successful because he knows his market and the movement of those products well. Because of this he will increase his inventories to respond quickly to customer demand.

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Translated from Spanish by Kiva volunteer Polliz

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