A loan of $475 helped to buy basic staple items at wholesale.

Tereza's story

Teresa, 39, is a hardworking, enterprising woman in addition to being kind and gracious who very much wants to get ahead. Her spouse is Juliano who works in agriculture and father of their five children: Itler, 18, Antoni, 15, Beker, 12, Andrés, 9 and Jefferson, 5. They all live together in a house of their own.

The activity that Teresa does is selling basic staple grocery items in a store she set up at home located in an indigenous community where she provides very kind customer service who for the most part are her neighbors and who she’s won over through the good service she provides.

She started more than 10 years ago with some capital of her own and to date continues with occasional support from her spouse. She considers the business to be quite profitable because her products are of basic need and are sold daily which keeps her capital in constant rotation. Before starting her business she didn’t have any problems but she did want to generate her own income and help her parents with household expenses.

Seeing the good results she’s getting, then, she wants to continue in business and restart selling native crafts. This will be MFP loan #4. She’s happy to be able to count on financial support to advance in her business. She also feels comfortable in her communal bank because of the support and solidarity she feels among the members. She will use the requested 1,200 new soles to buy grocery items in general to take to her indigenous community and stock her store so that she will have a varied stock available for sale looking for the lowest prices for volume purchases so that she can earn higher profits this way.

Translator profile picture

Translated from Spanish by Kiva volunteer Polliz

Loan details

Lenders and lending teams

Loan details