A loan of $400 helped to pay for an accident insurance policy and to buy spare parts.

Lita's story

Lita, 47, is an enterprising, hard-working woman with a good vision for business. She is married and has two adult children. They all live together in their own house.

Lita's business consists of a public-transport vehicles rental. She has four mototaxis, which she rents out everyday to drivers that come to her house looking for a means to work. She gets paid for this service and the profits make it possible for her to cover the basic needs at home. Sometimes, it is her children or siblings who drive the vehicles, and sometimes friends. All her vehicles are in good shape. However, the legal documents of two of them are close to their expiration date.

She has been working in this line of work for ten years, and she started from scratch, with optimism and commitment in everything she does. Sometimes, she complements this activity, with her son's help, selling fish that she sends to other cities. What she likes about her job is that she has time left to spend close to her family and to take care of the household chores. Besides, the economic income she generates makes it possible to cover everyday needs at home.

She is doing well so far. She hopes to continue this way, so that her vehicle fleet increases in number. This is the second loan with MFP. She is very happy knowing that she has the financial support needed in order to continue increasing her workng capital. Besides, she is convinced that she will continue to be a good and responsible member, as with the previously obtained loans. She likes to be part of the communal bank in which she works, because everyone is responsible and solidary to each other.

With the requested amount, 1000 soles [PEN], she willl buy the accident insurance policies needed for two mototaxis and she will change some components and spare parts in one of them.

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Translated from Spanish by Kiva volunteer Santiago Mejía Dugand

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