A loan of $1,150 helped to buy shoes and purses made of leather.


Monica Patricia's story

The story of Monica's business started when she was working in a shoe store, where she worked for many years. She worked long exhausting days, and didn't have time to dedicate to her children, who require greater attention. She decided to resign from her job and start her own business venture, using the experience she gained in her job. And so it went, with the support of a supplier, she started selling shoes, purses and clothing on credit, and every three months made payments to her provider. The provider was the first support she had in her decision to start her own business. Gradually her customer base grew and the options she had for where to purchase her goods also increased, so that her list of suppliers expanded to include others in different
cities of the country, like Barranquilla y Bucaramanga.

Her goal is to have available working cash, so she can buy products when there is an opportunity in the market in these cities. Her biggest challenge is meeting the growing demand of the market, and having enough money on hand to respond to the demands of her clients, allowing her to take advantage of the potential profit. This is the reason she has requested a Kiva loan, which will be the first loan she has taken out through the 'Fundación Mario Santo Domingo'. She will use the money to purchase shoes and purses made of leather, which have already been pre-ordered by her customers, which means that this loan has great potential for success.

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Translated from Spanish by Kiva volunteer Tricia Kell



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