A loan of $600 helped to purchase ingredients and supplies for making food.

Julia's story

59-year-old Julia is a hardworking and enterprising woman. She's separated from the father of her three children. Her children are the main reason for her to keep on working and therefore be able to improve their living conditions. They live together in a house that she owns and was able to purchase with hard work and a lot of sacrifice. Julia's business is selling food such as breakfast in the mornings and meals in the afternoons, etc. Every morning she opens her stall, which she rents in the central market, and there she offers all her prepared food and also refreshments. She tends to her customers very kindly. They're mostly her own seller neighbors, who recommend her to other people that eventually become her regular customers.
She got her start over 20 years ago with a private loan. She used to buy and sell in small quantities and then she gradually expanded the business according to the demand for her food. To this day she does the work on her own.
She considers her business to be very profitable because of the earnings she gets from it, and because she almost always sells everything she prepares.
Furthermore, she reports that she enjoys her business, because she's skilled at cooking. She decided to start the business due to the need for an income and a trade of her own, because the child support wasn't enough for her children and she faced financial hardships. Now, as she sees good results, she wishes to keep her business going. This is her second loan with MFP. She's very glad to know that she has financial support, because that way she feels secure to move forward with her business. On her part, she pledges to make her repayments in a timely manner, as she has in her previous loans. Besides, she's very glad to be a member of her communal bank, since everyone is very responsible and supportive. With the requested amount of 1,500 nuevos soles she will purchase ingredients and supplies for making food and selling it at her stall. She'll get better prices for her purchases, and therefore she'll stay in business and increase her profits.

Translated from Spanish by Kiva volunteer Renata Wolff

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