A loan of $375 helped to purchase a large quantity of clothing for the summer season.

Rosalía's story

Rosalia, 23, is a cheerful and enterprising woman who wants a better future for herself and her family. She is single, and does not yet have children. She lives in her mother's house along with her 3 siblings. Each of them shares her goal of improving their quality of life.

Rosalia has a business selling clothing. Once or twice a month, she travels to the capital city to buy garments at wholesale. Later, she offers them for sale to her friends, relatives and other people she knows. She makes her sales on installment credit. Ever since she started this business 4 years ago, she has worked on her own. She has seen that this is a very profitable activity because it generates good earnings that help her to cover her personal expenses and those of her family.

What Rosalia likes about her business is that it allows her to have time to devote to her education, and also to do some household chores when needed. At times she has struggled with making her collections in such a way as to have the money on hand that she needs to renew her inventory of clothing. However, she has gradually been gaining the respect and trust of her customers, who don't hesitate to make their payments at the agreed time or even sooner. In the future she wants to have a place where she could set up her own small clothing store.

This is her first loan with MFP, and she is very pleased to know that she has financial support, because this way she feels more certain that she will make progress with her work. Also, she promises to comply with the payment terms of the loan. She is very happy to belong to her communal bank, because all of the members are very responsible and cooperative.

With the sum of 1,000 Peruvian soles she requests, she will buy a large quantity of garments to sell in the summer season.

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Translated from Spanish by Kiva volunteer Lisa Grobar

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