A loan of $650 helped to buy supplies at wholesale prices.

Pedro Alvaro's story

51-year old Pedro earns his living by selling supplies, food, soft drinks, and cosmetics from a store in the town centre. He started his business after he arrived in Barranquilla from Bogotá, the lovely capital of Colombia. He had been transferred there in 1988 when he was working for a financial institution. This business eventually failed, but Pedro received some money for the time he’d worked. He used this money to buy a business which generated enough income to support his wife and two children, now aged 15 and 27.

Pedro recently started selling small appliances in his store. He bought them at good prices from warehouses, and they bring in additional income. His business has been in operation for 13 years, and the majority of the sales are for cash. As well, he has some suppliers who let him buy on credit. Sales are both in cash and on credit.

Through determination and hard work, Pedro has managed to acquire two spots in the public market. With the help of his wife who works for a state company, he has managed to provide his family with a good standard of living. One daughter has already qualified as a professional, while their son is still studying. A lot of effort and hard work has ensured that the family has a decent home.

Now Pedro is seeking a loan, the first he’s had with the Mario Santo Domingo Foundation, to buy supplies wholesale and in large quantities for lower prices which he can pass on to his customers, who are the reason why he is in business.

Translated from Spanish by Kiva volunteer Jane A

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