A loan of $1,125 helped to buy women's and children's clothing and small electrical appliances.

Gladis's story

36 year old Gladis lives in the town of Soledad with her husband and 5 children, who are between 3 and 12 years old. She has had a general store in the same town for 12 years. Here she sells various goods on a daily basis and also sells items such as clothes, shorts, and cooking utensils to order, taking payment weekly, fortnightly, and monthly. Her clients identify her and recommend her, and so the business has projected increasing sales. Her customers recognize that they can find and buy many of their necessities in her store. But, Gladis has some items that rotate through her store much more quickly than others, and she has a total inventory rotation of 63 days. This is why she came to Kiva to get her first loan through Foundation Maro Santo Domingo with which she will buy women's and children's clothes and small electrical appliances - items that sell quickly and make a good profit. Her long-term goal is to have her own house to improve the wellbeing of her family as her children's needs increase as they get older. Meanwhile, she wants to get her business inventory rotation to 47 days as this is a financial indicator from which we project growth.

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Translated from Spanish by Kiva volunteer Alison Hynd

Loan details

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Loan details