A loan of $200 helped to buy articles of clothing.

Walter's story

Walter Sosa is from Santa Rosa District in Ayacucho region. He is a very selfless father and husband. His little nine-year-old Soeeli is his main source of motivation, along with Elizabeth, with whom he has created a beautiful home. They are temporarily living in a house built of adobe, which they rent.

For many years he witnessed the economic progress his parents made through the sale of articles of clothing and footwear. This is why, motivated by the experience he gained since childhood, he and Elizabeth decided five years ago to start their own business, in the same retail sector as his parents.

He feels very happy for how it is gone lately, since thanks to Elizabeth's steadfast support, they start their work very early. In addition, he must travel to the capital from time to time to buy merchandise at wholesale, such as men's shoes and jeans of all kinds. Currently there is demand for these products and they are well received in his store, especially at important sales seasons.

In order to take proper advantage of the year-end season, he wishes to have additional merchandise consisting of seasonal clothing and children's clothing. As any good businessperson does, he wants to succeed in obtaining good profits.

His long-term objectives are to have his business expand considerably, and succeed in converting it into a large clothing store with a variety of articles for all ages. But this dream will only be possible over a period of years, and with a great amount of work and effort.

This is his first loan with MFP, and he feels very grateful for the trust granted him, which he intends to repay by being conscientious in making his loan payments on time.

With respect to his communal bank, he feels very happy to be a member of this group, since all the members are people he has known since he was very young.

With the 500 nuevos soles, he will add to his working capital, which is earmarked for the purchase of articles of clothing for the year-end season.

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Translated from Spanish by Kiva volunteer Jeff Goldie

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