A loan of $325 helped to purchase assorted merchandise to fill customer orders.

Maria Magdalena's story

Maria lives with her spouse and three children, ages 10 and 17, in the town of Soledad, twenty minutes from the city of Barranquilla. There she has two businesses; she sells assorted merchandise and also sells food. She came up with the idea of starting the business three years ago. She was looking for the opportunity to earn enough income to increasingly improve her welfare and that of her family, which had been her husband’s responsibility up until that time. Customers who buy meals from her are located in the neighborhood where she lives, and she sells assorted merchandise door-to-door directly to customers in Soledad’s town center. She makes her purchases in cash. However, she makes her sales on credit and consequently, her greatest challenge is to have the enough working capital in order to meet the demands of her new customers. This is exactly the reason she has come to Kiva to request her first loan through Fundación Mario Santo Domingo. She will buy assorted merchandise to fill customer orders, and the investment will be successful because goods will rotate quickly since they are bought with customers’ needs in mind.

Translated from Spanish by Kiva volunteer Eleanor Francoletti-Putz

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