A loan of $600 helped to buy informal women's, men's and children's clothing.


Margarita's story

Margarita is 52 years old. She is a merchant who sells clothing and women's accesories. With these she helps her customers present themselves well and generates income to support her home. She has regular customers to whom she sells mostly on credit. Wherever Margarita is, she identifies potential customers who will eventually buy from her. She is aware of opportunties and allways taking advantage of them. Her goal for the future is to have a variety store, a commercial locale where she can add new economy products that her community needs and can find in her business. Her biggest challenge in is obtaining resources to respond to her growing clientele quickly. She has to wait to get her money from her accounte receivable to be able to be effective from her buyers. While she works hard and generates the main income for her home, she maintains a profit margin of no less than 21% and her turnover for her accounts receivable is no more than 20 days. Right now, she is applying for an account receivable, the first loan she has taken out with the Fundación Mario Santo Domingo. With it, she will buy informal women's, men's and children's clothing. This way, she will respond quickly to the customers who have made their orders and are expecting Margarita to respond promptly, which is what they want.

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Translated from Spanish by Kiva volunteer Ellen Donohue



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