A loan of $475 helped to buy rice, sugar, oil and sweets, among others.

Julia's story

Julia, 63, is a hardworking, enterprising woman besides being cheerful and treating others kindly. She’s married to Máximo who is a merchant and the father of their children who are all independent adults now. They all live comfortably in their own house.

Julia’s activity is selling groceries, stationery supplies, medicine and others. To do so, she opened a small home-based store where she tends to her neighbors’ needs who are her main customers and who she tends to kindly. She also sells sweets and carbonated beverages in her store. She started more than 8 years ago and has succeeded in making herself very well-known in the areas because of her product offerings; to date she’s been working alone.

She considers her business to be profitable because she almost always sells out everything she brings to sell earning good profits. Before starting her business she had economic difficulties because the price of food constantly rises and her husband’s income was insufficient to cover all expenses and that’s why she wanted to help him by earning income of her own.

Because of this, seeing the good results her business has, she wants to continue and keep it in operation. This will be MFP loan #13 so she now has a small loan to be able to reach her objectives. She commits once more to make her installment payments like she’s done with her previous loans. She also comments that she feels comfortable in her communal bank because she considers it to be a united, supportive group.

She will use the requested 1200 new soles to invest in her business buying groceries in general like rice, sugar and oil, among others and also sweets hoping to increase her capital though profits from sales. She therefore hopes to get good prices because of her volume purchases.

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Translated from Spanish by Kiva volunteer Polliz

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