A loan of $625 helped to pay cash for merchandise.

Nicolas's story

Nicolás, 56, is married and has three children whose ages range from 28 to 32. He’s a very hardworking man who since the age of 15 has done nothing more than work to help support his family. First he sold fish, then bananas and later worked in a hotel for 15 years and ten years ago a woman taught him to make mops and when he made his first one this stimulated him to start his own business and this is how he started manufacturing his initial items and selling them himself carrying them on his shoulder from street to street, avenue to avenue.

Later on he purchased a cart to support the weight of the orders he’d get and gradually he’s been complementing is business adding other products that he buys in the market like kitchen utensils and cleaning supplies. Finally, he’s added clothes because of market demand. His goal is to continue his business growth and later on to get a commercial space to sell at wholesale as well as retail.

However, in face of market demand and sales potential his working capital is insufficient to reach his goals step by step which is the reason he’s calling on a Kiva loan to pay cash for larger amounts of clothes, lamps, kitchen utensils, plastic and kitchen items, among others. His Kiva loan will be successful because Nicolás knows his market and he’s backed up by demand in it. He will buy in volume and pay cash which will lead to more price competitiveness because of the discounts his suppliers will give him this season.

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Translated from Spanish by Kiva volunteer Polliz

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