A loan of $425 helped to buy school supplies.

Pedro Joaquin's story

Pedro is 55 years old, is married and has six children. He’s a person of limited means but is also a very hard worker. Pedro and his wife have been selling general groceries for some time. Over time their business began going under, due to all the competition, so he decided to open a small bookstore. The number of customers, and therefore sales, have been growing little by little. Pedro needs this loan to buy pads of paper, notebooks, pencils, erasers, rulers, crayons, markers, etc. One of Pedro’s challenges has been the lack of capital to invest and stock his store with the necessary materials to have a large variety so that his customers will always find what they need. He’s certain that with the support of this loan, his sales will increase. His dream is to grow his business and have it better stocked. He has had five cycles with FAMA and has not had any problems with default, since he saves up money to make his payments on time.

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Translated from Spanish by Kiva volunteer Hugo Reyes

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