A loan of $350 helped to buy ingredients and a display case.

Gina Paola's story

More than three years ago, Gina, 24, a young woman living in Barranquilla’s Barlovento neighborhood, decided to set up a small, home-based bakery with her husband where she offers bread, pudding, cookies, cakes and other French pastries.

Everything began for Gina when her husband became unemployed. He knew the business very well since his family had much experience in it. She suggested they start the business at home. They did not have any money for the machinery but a neighbor of hers who had owned a bakery and still had the equipment offered to rent it to them with an option to buy. She accepted and they still use it to date.

She buys what she needs for production daily and her portfolio rotates every two days, the time in which she collects payment for what she sells. She’s asking for her first Kiva loan because she wants to reinvest in supplies and raw materials like flour, margarine, yeast, spices and eggs for production. With this she will be able to have stock on hand to meet growing demand. In addition, she wants to buy a display case to sell directly to the public since she currently makes the product and immediately distributes it to neighborhood stores, her main clientele.

Her greatest challenge is being able to own her own baking equipment and not have to rent it from her neighbor any longer so that her profits will be greater and her profitability will be higher than her current 28%.

Gina lives with her husband and three minor children, the products of her union. In addition to the bakery, she earns additional monthly income selling merchandise to order for which she gives her customers up to 30-day payment plans.

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Translated from Spanish by Kiva volunteer Polliz

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