A loan of $1,500 helped purchase merchandise (new clothing).

Mario Rene's story

Mario is 20 years old and lives in Cochabamba, in a town called Entre Ríos. He lives with his wife, who sells new clothing for a living. Mario has worked as a locksmith’s assistant for a year and is quite enterprising. He is thinking about opening his own locksmith business in the future.

Mario tells us that when he came to live here his wife had very little merchandise. During the first few years she just worked as a clothing sales assistant and wasn’t able to start her own business because she didn’t have the necessary capital. But she saved up gradually and learnt about the clothing retail business so that she could later start a business in this area. Both of them work very hard to provide for their son.

Over time they have managed to save money and have used it to buy a piece of urban land. The loan will be used as commercial capital to increase and diversify their merchandise. They hope that this will initially improve their situation. Eventually Mario would like to build his own house, so he needs to increase his income.

Translated from Spanish by Kiva volunteer Eleanor Toal

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