A loan of $400 helped to stock her clothing sales business.

Monica's story

Monica, 45, is an honest, hard-working woman. She lives with her husband, Edinson, and their two children who are 16- and 12-years old, respectively. The family share their house with Monica's parents. Monica has operated a clothing sales business for 20 years. She sells a range of clothing pieces of various styles and sizes, for all ages and for men as well as women. She also sells footwear. She reviews and adjusts her inventory once a month, depending on what she expects to sell. She counts on a relative, who lives in the town from which she receives her merchandise, to order whatever she needs for the business. Two years ago, she added beauty products--creams, perfumes, face powder, etc.--to the range of merchandise that she sells. She works alone and says that she is pleased with her progress. The business suits her because she is friendly and charismatic, with an easy manner that makes it easy for her to attract new customers. The business is profitable and she can organize her time so that she can both work and take care of her family without neglecting either. For the future, she would like to open a shop of her own. This will be Monica's 14th MFP loan and she says that she is grateful that this means of borrowing is accessible for businesses like hers. She says, too, that she is committed to repaying the loan in the agreed-upon time and that the trust she's gained from the other members of her community bank is important to her. Monica will use this loan (S/.1000) to stock her business with clothes, shoes and accessories.

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Translated from Spanish by Kiva volunteer Jere Wiseman

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