A loan of $625 helped to buy supplies to make fried snacks in greater volume.

Juan Carlos's story

Juan is forty years old and makes his living making and selling fried foods and offering telecommunication services by the minute. He lives with his wife and two children, ages three and twelve years, for whom he works very hard so that they can have a promising future.

Juan's twenty years of commercial experience have allowed him to achieve the goals he has set for himself. Commercial activity comes naturally to him, and since he was eight years old he has been inclined toward it and has practiced making sales. So it was that as an adult he started his own business in 2004, just as his dream had indicated. He took advantage of the rise of cell phones to start a calling service, charging the cost of cell phone minutes. Little by little he reached the point that in his neighbors in the area acceded their commercial relations to him. He combined this with the sale of fried products in order to achieve two streams of income and to contually augment his work capital and and in this way to increase his assets.

He currently sells directly to the final consumer, making cash transactions. He starts his work day around seven in the morning and works until ten at night. His main regular clients are residents of the area where he lives and has his business as well as passers-by who come through daily on their way to other areas. His goal is to continue growing his infrastructure and clientele, to increase sales, and obtain more utilities. His main challenge is that he lacks funds to grow his sales, although a great demand exists. This is why he is seeking a loan, the first financing that he has done through Fundación Mario Santo Domingo. With this, he will buy supplies in greater volume and he will do so in cash in order to get discounts and diminish the costs of his products, little by little building a future of greater well-being for his family.

Translated from Spanish by Kiva volunteer Kate Kremer

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