A loan of $325 helped to buy wholesale staple items.

Lili's story

Lili, 44, is hardworking, dedicated, kind, cordial, and wants to succeed. Her husband José is a merchant, and they live with their four children, ages 21, 18, 13, and 7. Lili sells staple items from a space in her house. She waits on her customers, who are mainly neighbors who prefer her friendly service. She started more than five years ago with a loan from MFP. Until now, she has mostly run the business herself, though sometimes her children help wait on customers.

The business is profitable as the items are staples that are sold every day and generate a steady cash flow. She had no problems before undertaking this business; she wanted to have her own income and help her parents meet household expenses. Since it is successful, Lili wants to keep her business going while starting another business selling clothing, which she sees is quite profitable.

This will be her sixth loan cycle with MFP, and she is pleased that she can count on financing to grow her business. She is happy to have the support and unity of her communal bank members. With the loan of 800 nuevos soles, she will purchase general groceries to stock her business and have a variety to sell. She will look for low prices as she purchases wholesale inventory so that she will earn more profit.

Translated from Spanish by Kiva volunteer

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Loan details