A loan of $475 helped to buy comforters, shoes, household decor products, women's accessories, and other items.

Yira Mercedes's story

Yira is a 32-year-old married woman. She has an 11-year-old daughter who she dreams of seeing become a successful woman. Her daughter is her motivation for living, as well as her husband's. Yira has her own business in which she sells various merchandise such as comforters, women's clothing, sporting goods, and other items. Yira completed her high school education early. At the age 16, she began her technical career as an entry-level bank employee. She was able to transfer her knowledge into a job for a private company. Two years later, she decided to help her husband with his business in the retail sector. Yira also started her own line of businesses selling detailed items to a customer base that has gradually increased. At the moment, her goal to keep growing has not stopped and neither has the growth of her clientele. However, her operating capital is not sufficient for supporting her dream of obtaining more customers. For this reason, Yira is applying for a Kiva loan, her first form of financing through Fundación Mario Santo Domingo. She will use the money to buy comforters, shoes, household decor products, women's accessories, and other affordable items. These items will be purchased in a city along the Colombian border.

After being adjusted according to the type of business she operates, Yira's financial indicators shows that her accounts receivable period is 16 days, her product rotation period is 7 days, and her sales profitability is no less than 30%. Due to these financial reasons, it is projected that the investment of her Kiva loan will result in successful growth.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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