A loan of $925 helped to buy mainly perfume, clothing and footwear.

Nancy Edith's story

Nancy is 59, and a married woman. She is the mother of four children, ages 33 to 40. For more than 20 years she has been a merchant, an activity she began with the aim of helping her husband with the household expenses. She does this by travelling to Panama, where she buys perfumes, clothing and bags, and sells them in various neighborhoods of the city. Her main customers are women, although she also sells to men.

Her greatest dream is to have a store with clothing imported from Panama, the country that neighbors Colombia. For this she must have a great deal more money in order to carry out her purchases.

Currently her financial indicators show turnover of accounts receivable at 38 days, turnover of merchandise at two days, and return on sales of not less than 40%. This shows a business with considerable potential for growth, even though her greatest challenge is having sufficient working capital to respond with many more products to a market that is waiting to buy them from her.

This is why she is applying for her credikiva loan, her first from Fundación Mario Santo Domingo, by means of which she will buy mainly perfume, clothing and footwear. With this, she will impress her clientele with various fashion designs and original aromas, brought across the Atlantic Ocean to Panama.

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Translated from Spanish by Kiva volunteer Jeff Goldie

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