A loan of $575 helped to buy bananas, rice, oil, and other ingredients..


Paquita's story

Paquita, age 52, is a friendly and hardworking woman who has plenty of drive to succeed. She is in a common-law relationship with Isaías, who is a farmer and the father of their four children: Luís (age 23), Paola (age 21), Isamar (age 18), and Anita (age 12). Paquita lives with her partner and children in their own home. She sells bananas during the day from a table that is set up in front of her house. Paquita provides friendly and cordial service to her customers, most of whom are neighbors. She also sells prepared food such as stews, "juanes" (chicken and rice wrapped in a banana leaf), pasta, and other dishes at night in front of her home. Paquita started her business more than two years ago with a loan from MFP. With the help of her partner, she has been able to make her business grow. She considers her business to be profitable because of the good revenue that has been generated. In order to gain regular customers, Paquita knows that she must invest time into managing her business.

She enjoys her business because it has enabled her to get out of financial trouble. Because of their financial needs, Paquita decided that she would help her partner with the household expenses. However, she dislikes the times when she is not able to sell all of her products due to spoilage, but these moments do not discourage her. She has done a better job of calculating her purchases and acquiring only what she needs to avoid waste. Paquita also has plans to grow her business and increase her sales.

This will be her eighth loan with the MFP organization. Lately she feels that the financial support will help her follow through with her plans. Paquita is comfortable working with her Communal Bank because she considers her group to be unified and supportive. The amount of 1,500 PEN that she is requesting will be invested in bananas and ingredients for preparing her dishes such as rice, oil, and other products. By purchasing in bulk, she will be able to achieve a wider profit margin.

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Translated from Spanish by Kiva volunteer Ronan Reodica


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