A loan of $875 helped to buy remnants in greater quantity to make industrial mats.

Policarpo's story

Policarpo is 69 years old. In his traditional family business, he used a Kiva loan to pay cash for fabric remnants from the workshops, to fill his orders from industrial businesses. His investment was successful, because he managed to increase his production and continue his business growth. Now he is applying for a new Kiva loan, with which he will buy remnants in greater quantity, taking advantage of the increased production in the small workshops in the months of November and December. The oversupply gives him the opportunity to obtain good prices, which improve his competitive position in the market. His success in the business consists of his knowing the market and the peaks of supply and demand very well and when it is propitious to make his best investment, to sell more and to set very competitive prices. His dream of prosperity is to continue striving to increasingly improve the quality of life of his family, and it is assured that this will be with his persistent effort and from the hand of God.

Translated from Spanish by Kiva volunteer Pam McMurry

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