A loan of $575 helped to buy flour, shortening, butter and oil.

Ramon's story

Ramón, 47, is a hardworking, enterprising man besides being kind and religious. He’s married to Yolanda who is a merchant and the mother of their five daughters: Silvia, 25, Katy, 23, Saly, 19, Carmi, 16 and Brenda, 12, who he loves very much. He lives with his wife and daughters in his own house.

Ramón’s activity is baking traditional snacks like suspiros, turcas, ñutos, rosquillas and others. To do so he has an artisanal oven at home and he manages to sell in quantity filling orders for stores in the area. He’s been in business for 15 years having started with capital of his own but growing thanks to MFP loans. He kindly offers and sells to his customers with help from his wife who helps him manufacture and sell his products. He considers his business to be quite profitable because of the good profits it yields and because he manages to sell out all the product he manufactures. He likes his activity because it keeps him busy. He has an occupation that he learned thanks to his late mother-in-law and thanks to it he generates income to cover his personal expenses and the educational expenses of his daughters who he loves very much; in addition he gets to spend more time at home.

Because of all this and seeing the good results he’s getting, he plans to expand the business and go into other areas like opening a grocery store at home that his wife and daughters will tend to. This way he will be earning more income.

This will be loan #3 with MFP and he feels grateful for the financial support he’s been getting in order to make progress with his business. He therefore commits to be responsible with his installment payments like he’s been in previous loans.

He will use the requested 1500 new soles to buy the ingredients needed to prepare his snacks like flour, shortening, butter, oil and others looking for the best prices available for paying cash so that he can have stock on hand to prepare his products.

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Translated from Spanish by Kiva volunteer Polliz

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