A loan of $1,125 helped to buy footwear, bags and wallets in larger quantities.

Luz Dary's story

Luz Dary is 47 years old. She is a married woman who lives in the south of the city together with her husband and her two children who are 18 and 21 years old. She has been selling bags, belts and footwear for 15 years since she started her business to make a second income for her family and improve the welfare of her household. Luz Dary sells bags and leather goods every day direct to end consumers. She mainly sells on credit although she also occasionally sells for cash. She buys directly from manufacturers for cash. Her customers are company workers who make a salary and so her business has done very well. On pay days she goes to visit her customers in order to collect payment. She is currently applying for a Kiva loan. It is her seventh from Fundación Mario Santo Domingo and previous loans have enabled her to have capital available. This has increased her possibilities for buying merchandise and increased her sales volumes. Luz Dary will use her Kiva loan to respond to orders that her new customers have promised to place with her. These are customers who have been referred to her and who will help her to strengthen her business even further. Luz Dary will buy footwear, bags and wallets in larger quantities. She plans to grow her business as she hopes to support her children in finishing their university studies. Her biggest challenge is finding new manufacturers so that she can diversify the fashionable designs she sells as this attracts customers. It also helps her to stay in the market.

Translated from Spanish by Kiva volunteer Linda Oxnard

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