A loan of $475 helped to buy mobile phone recharges and to repair his washing machines.

Alberto's story

Alberto leases washing machines and provides telecommunication services by the minute; he also sells general merchandise. He generates income to support his family, composed of his wife and two children who are 14 and 18 years old, with these three businesses.

He started his business when he returned from Venezuela, a bordering country where he used to live. He brought some savings with him that served as seed capital to start his own business venture that will help him support his home because he didn’t find employment opportunities.

He bought six washing machines, a public service taxi and two mobile phones together with his brother with which he was able to sustain his business. He’s added more services, mobile phone recharges, which is very profitable. He’s also improved the business’ infrastructure with new washing machines because his clientele has grown.

His goal for later on is to position himself in the mobile phone technology commercial marketplace; they want to sell accessories and more modern equipment. His greatest challenge is lacking sufficient working capital to make the investment immediately and this is why he’s calling on a Kiva loan, his first financing with Fundación Mario Santo Domingo by means of which he will buy mobile phone recharges and repair his washing machines so that they will not wear away and with this he’ll strengthen his business making it more successful each time.

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Translated from Spanish by Kiva volunteer Polliz

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