A loan of $1,750 helped to buy crafts and footwear.

Monica Maria's story

Mónica, 24, owns a business located in the municipality of Sabanalarga, a town with talented, creative people which due to the commuting nature of its population has been designated one of the “bedroom” communities in Atlántico; its residents are tightly associated with employment and higher education in the city of Barranquilla.

She sells appliances, crafts, footwear, clothes and stationery supplies in her store. Her experience goes back five years to when she started out with support from her family who has commercial tradition. She has a sales point at her house where she sells to neighbors nearby and her main customers are teachers and government employees. She buys the merchandise in various regions of the country she travels to. She buys everything related to stationery supplies in Barranquilla, Atlántico Department. Everything to do with crafts she buys in San Pues in Córdoba Department and everything related to leather in Bucaramanga in Santander Department because they are the experts in shoes, purses and children’s clothes.

She is currently applying for a Kiva loan, her first financing with Fundación Mario Santo Domingo through which she’ll buy crafts, footwear and other items her customers have requested during pre-sale; she wants to have an impact on her loyal customers with prices and quality. Her Kiva loan will be successful because it will provide her with working capital to be able to buy in large volume thus obtaining discounts which will logically be part of her profits thus increasing her income.

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Translated from Spanish by Kiva volunteer Polliz

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