A loan of $650 helped to purchase new cases of beer as well as a variety of merchandise that her customers have ordered.


Iris's story

Iris, 48 years old, lives with her partner and her two children, aged 17 and 22, in a neighborhood south of the city, where she has a business selling cold drinks and fried food. She also sells merchandise through specialized catalogues. Her business experience dates back 16 years, when she started selling beer, ice, and corn chicha (a fermented drink) with a small amount of capital her partner gave her. Later, with her own earnings, she acquired a fryer and bought more bottles, and also began to sell very cold and pleasant drinks, adjusted to Colombia's hot Caribbean climate. Gradually she has made very good use of her captive customer base in order to diversify what she offers and thus be able to offer her customers credit for the items they need, especially cosmetics. Currently she is applying for a Kiva loan, the first financing she has had with Fundación Mario Santo Domingo. She will use it to buy new cases of beer in order to sell them to nearby businesses when they run out of inventory, a situation that usually happens. With her Kiva loan she will also buy a variety of merchandise that her customers have ordered, in order to meet the requirements of Mother's Day, since it is coming soon and it is one of the times when she moves the most merchandise. Her goal in the future is to finish adapting her house and to continue her business growth, increasing her profit margin even more.

Translated from Spanish by Kiva volunteer Karen Monat



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