A loan of $975 helped to buy more drinks to continue in his business.

Juan's story

Juan is 45 years old and is a very hardworking man who is also happy and sociable. He is married to Nelith, the mother of his two daughters. Currently, the four of them and one niece live together in a house that he bought as the fruit of his labors.

He works in the sales of soft drinks of many different flavors and types, and for this he relies on a refrigerator that he bought with a loan and installed in his house, where he waits upon his customers. With his first loan from MFP, he was able to make his first investments and selling what he had gotten, he made his business and the profits left to him, he reinvested to successfully buy in greater quantities. Since beginning, he has not had economic problems, but he wants to continue to have an additional income to support his spouse with the household expenses.

This is his 3rd loan with MFP, and he is thankful for the opportunity he has to count upon the financial support, and this helps him to feel more secure in advancing his business. He also says that he likes working with his community bank to have a line of credit that helps him to firm up his business plans.

With the amount that he has asked for, 2,500 Soles, he will invest in buying more sodas of different flavors and look for better prices for his bulk buying.

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Translated from Spanish by Kiva volunteer Elizabeth Mount

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