A loan of $575 helped to purchase merchandise to stock her store.

Carmen's story

Carmen, 54 years old, is a happy and hard-working woman. She has been married to her husband Pablo for many years. They live in their own house along with her brother-in-law. She has four children who are independent adults, but who visit her frequently. Carmen has worked doing many different things, but her main work has been a grocery store. She has a small store set up in her home where she waits for customers who come in search of any type of product and are sure to find it there. She has been doing this work for nine years and her husband helps her.

She considers her business to be profitable because of the good income she earns. She likes that her work is independent, which gives her time to do other activities, in addition to being able to being a calm and punctual teacher at a school in the city. Her business always has customers, and in addition she has a good record of sales with beverage distributors who have given her display cases for their products. She has big plans for her business and how it will grow. In the future, she wants to expand since one of her main projects is to make her grocery store larger.

This is her 19th loan with MFP and she is very happy to know that she has financial support since this makes her feel secure in moving forward with her business. Carmen promises to make her payments on time, like she did with her past loans. She is very happy to belong to her community bank since all the people are responsible and supportive.

With the requested loan of 1500 soles, she will purchase more merchandise since groceries are experiencing a price change and she wants to have a larger quantity to be able to sell at a low price and keep her customers happy.

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Translated from Spanish by Kiva volunteer Eileen Lloyd

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