A loan of $1,525 helped to stock her grocery business.

Loida's story

Loida, 44, is a hard-working woman, an entrepreneur with a strong drive to get ahead in the world. She and her partner, Moises, a merchant, have four children. They live in a house that they scrimped and saved to buy.

Loida operates a corner grocery where she sells the everyday products that her customers want. She used her own savings to start the business 4 years ago and operates it now from a space in her house. She saw that there was demand for a grocery in the neighborhood and she's grown it with MFP loans. Her son helps her with the business. She tells us that she likes owning her own business because it provides an extra income for paying household bills and making improvements to her house. Her biggest problem is the weather. Rain is common here and the roads turn to mud when they're wet, something that makes access to her store difficult. She never lets problems get her down, though.

This is Loida's fourth MFP loan and she says that she is grateful for your support because it will help her to carry on her business. She is committed to repaying this loan in the agreed-upon time, just as she's done with past loans. Loida will use your 4000-soles loan to buy bulk supplies of the products she sells--rice, sugar, cooking oil, pasta, etc.--so that she can get them at the lowest cost. She will buy snacks and sodas that she will sell, as well.

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Translated from Spanish by Kiva volunteer Jere Wiseman

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