A loan of $325 helped to purchase more goods to stock her store with staple items such as rice, canned goods, noodles, and other items.

Ybette's story

Ybette, who is 44 years old, is a hardworking and earnest woman with a strong desire to get ahead in life. She is married to Ramon, who is a farmer and father to their three children: Juliana is 22 years old, Miguel is 18 years old, and Antonela is 6 years old. She lives together with her husband, two of her children, and one grandchild--all of whom she loves very much--in the home she purchased with the help of her husband. Ybette works selling staple grocery items from a storefront installed in their home. She sells fresh fruits by getting up early and heading to the local markets where she buys the freshest fruits from the vendors and brings them back to her store to sell to her customers, who for the most part are her own neighbors. She has been running her business for three years, during which time she has attended to her customers in a kind and cordial manner, thereby winning their business. At present, she runs this business all by herself.

She considers her business to be quite successful given the strong demand she has for her products and the income it brings her. She likes her business because it allows her to be at home, allows her to be around her children so she can care for them, and provides her with an occupation that generates an income. This allows her to help her husband with their home expenses and the education of their children. Seeing the good results she has had with her business, she has plans to continue and to expand, acquiring more merchandise to stock her store. Thus, she is applying for her third loan through the institution, MFP. She is grateful that she can count on the financial assistance to continue with her goals. She promises to make timely payments so that she can maintain a strong credit history and be able to secure more loans in the future. She also comments that she is happy with her communal bank; she knows the other members and considers them to be good people.

With the amount of 800 nuevos soles requested, she will invest in more merchandise to stock her store: primary staples such as rice, canned goods, noodles, and other foodstuffs. She will purchase these wholesale so as to increase her profit margins.

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Translated from Spanish by Kiva volunteer JOHN NELSON

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