A loan of $575 helped to buy spare parts and pay to have her car serviced.


Margarita's story

Margarita is 28 years old. She is a kind and friendly woman who works hard so that she can provide a better quality of life for her young son who is 2 years and 8 months old. Margarita lives in her parents' house as she is in the process of buying her own home.

Margarita's business is renting out a car. Thanks to the enthusiam that she has always shown in her work and the personal desire she has to improve herself, she has worked in a number of different businesses and, in every one, she managed to save up money. She used her savings to buy her first vehicle which is now used as a taxi. Margarita has been in her business for a little over three years and, thanks to this, her income has improved and she has been able to cover some needs that her household face.

What Margarita most enjoys about her work, as a vehicle owner, is that it allows her to travel constantly and enjoy the landscape of her area. The most difficult part of her work is having to get up early in the morning in order to meet the morning rush hour demand. She knows that her work is hard but she also knows that, in the shorter term, she will receive rewards from her hard work. In the future, Margarita hopes to buy another car and to continue making progress.

This is Margarita's seventh loan from MFP. She is very happy to know that she has financial support as it makes her feel more certain in making progress in her work. She pledges, once again, to make her repayments on time as she has done with her previous loans. She is very happy to be a member of her community bank because all of her fellow members are very responsible and supportive of each other.

Margarita will use the loan for 1,500 soles that she has requested to buy some spare parts and to send her vehicle to the mechanics for its six-monthly service.

Translated from Spanish by Kiva volunteer Linda Oxnard


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