Expired

Total loan: $650
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Luis


A loan of $650 helped to purchase handbags, breifcases and accessories for men and women, wholesale and in cash.


Luis's story

Luis has had his business for 19 years, and has thus been able to support his family, consisting of his wife and their three children ages 16 to 18. He sells handbags, briefcases, hats, frames, lenses and a varied merchandise. Luis takes advantage of special holidays and seasons to diversify his products, so when mothers day, parents day, teachers day, childrens day etc. are approaching, he purchases goods which match the requirements of the season to achieved the best sales.

In his early days he worked for a company, but in order to generate additional income he decided to simultaneously start trading and now has his own shop south of the city. Luis works from 8:00 a.m. to 10:00 pm, and even though competition is high, he survives through his prices, timely service and friendly treatment of customers.

His goal is to strengthen and grow his business, and to leave his children with a legacy of work and entrepreneurship. Luis' biggest challenge is the lack of working capital to do this in the short term, so he has applied for a loan with which he will buy handbags, briefcases, and accessories for women and men in bulk and with cash, so that he can respond to his customers' orders and maintain an inventory. He will make his products attractive for his customers to buy, to celebrate father's Day and all the holiday festivities that come each semester when customers have received work bonuses and premiums, which would make his investment very successful.

Translated from Spanish by Kiva volunteer Fiona Craig



Loan details

Loan length:

14 months
Disbursed date: May 11, 2012
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)
Expired: June 23, 2012

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: May 11, 2012
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)
Expired: June 23, 2012