Funded

Total loan: $650
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Felipa


A loan of $650 helped to buy beer by the crate, clothing, footwear and women’s accessories.


Felipa's story

Felipa is 56 years old and has a business in which she sells a little of everything, including beer, stationery, accessories for the home, internet services and telecommunications. Her business is located in a part of her home, where she lives with her spouse and four children, who are between the ages of 10 and 20 years. Felipa began her life as an entrepreneur by buying a crate of beer which she then sold retail. The immediate profits she earned from this venture encouraged her to reinvest and gradually increase her product line with various merchandise, such as women’s accessories, stationary and even an internet café. Most of her sales are done on a cash basis, although she also has customers to whom she sells on credit, but before offering financing she observes their behavior and only gradually gives them this option. Her workday begins at 7 am and lasts until 10 pm. She puts a lot of effort into her business because she is determined to add a second floor to her home so that she can separate her personal life from her workspace and have some more peace.

Felipa is currently applying for a Kiva loan, which is her first financing through Fundación Mario Santo Domingo. She will use the loan to buy beer by the crate, which she will distribute through stores and commercial establishments. She plans to make good use of the approaching holiday season when consumption increases and inventories of drinks are exhausted very quickly at a time of maximum selling potential. At the same time, in order to satisfy the demand of her customers, she will buy clothing, footwear and women’s accessories, so that her customers and their families will be well dressed for Christmas and New Year with clothing from her shop. This will allow her to earn a little more than the usual, as always occurs at year end.

Translated from Spanish by Kiva volunteer Graham Robinson



Loan details

Loan length:

15 months
Disbursed date: November 30, 2012
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)

Lenders and lending teams



Loan details

Loan length:

15 months
Disbursed date: November 30, 2012
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)