A loan of $200 helped to expand her merchandise so that she can sell more this month.

Margarita's story

Margarita is 46 years old. Her partner is Marcelino with whom she has three offspring, ages 26, 24 and 17. The couple lives with their two youngest in a rented home located in the San Ramón District in Chanchamayo.

Margarita has been selling handicrafts for 20 years, especially articles made of wood such as ladles, chopping boards, pot holders, coasters, utensils holders and other wooden objects which are used exclusively in the kitchen.

“I have been in this business for quite a while and it has been going well. The key is to establish myself in good sales locations,” she notes. She acquires her merchandise from a carpenter’s workshop. Every Friday, she sells her products in the same location; on Saturdays, she travels 25 minutes away to arrive at a market in another city and on Sundays she travels more than two hours to reach another community where she also has a good customer base. She invests close to S/. 1,000 every 15 days. Consequently she now wants to spend a little more and reach other cities.

This is the first time Margarita has applied for a loan from MFP. Thus she is grateful for their confidence in her. She belongs to the “Rosas y Claveles” Communal Bank and feels optimistic about relying on such helpful and hardworking members.

With the money she has requested she will be able to expand the quantity of her merchandise this month since she is on a tight budget. She will use the loan to purchase more wooden articles.

Translator profile picture

Translated from Spanish by Kiva volunteer Diane Chaney

Loan details

Lenders and lending teams

Loan details