A loan of $625 helped to buy school supplies, decorations, gifts and clothing.

Yasmith's story

Yasmith is 23 years old and lives in the town of Soledad. She lives with her husband and her two children who are 5 years and 9 months old respectively. Yasmith has a general store where she sells gifts for the home, costume jewelry, decorations, school supplies and jeans. She started her business on the suggestion of her husband who works for a company that produces sports clothing. He suggested that she sell this merchandise in order to make additional income. Yasmith has done very well in her business and she has regular customers who order items from her. She also sells blouses and has an existing market for her products. Her dream is to have her own commercial premises where she can display her merchandise and to become an important wholesaler, providing products to retailers.

At the beginning of this year, when the owner of some business premises offered to rent them to her at a good price because she was moving away from the city, Yasmith became interested in the offer and took advantage of it. This is where her general store is now located and she would like to grow her business. However, she does not have enough working capital. For this reason, she is applying for a Kiva loan (the first loan she has taken out from Fundación Mario Santo Domingo). She will use the loan to buy school supplies, decorations, gifts and clothing. Her investment will be successful because her business is located in a commercial area that is very busy with passersby. She will also make the most of the demand for merchandise which she generally experiences in May and June, as a result of the family and religious celebrations that take place during those months.

Translated from Spanish by Kiva volunteer Linda Oxnard

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