A loan of $400 helped to buy general groceries like oil, sugar, rice, sugar and more at wholesale prices.

Gloria's story

Gloria is 43 years old. She is a hardworking woman who really wants to get ahead. She is also kind and cordial. She lives with Elmer, who works as a stevedore. She lives with her father, mother and spouse and their three children, aged 19, 15 and 5. They are her motivation and they live comfortably in their own home that she built on the land her cousin transferred to her. Gloria's activity is selling general groceries from her own house. She opened a small store there where she sells the main basic necessity products such as rice, sugar, pasta, oatmeal and more.

Starting more than 3 years ago with her spouse's help, whose idea it was, and with her own capital from savings plus a small loan, she was able to buy the first products in small quantities. She was able to grow little by little with a constant rotation of her merchandise.

She considers her business to be profitable because of the earnings it brings her and because it is the best stocked store in the area. She likes her business because it allows her to be at home and care for her younger children, whom she loves very much. She also likes her business because of the income it brings in to support her spouse with the household expenses, because many times they didn't have enough to cover their expenses.

She plans to continue, expanding the diversity of her products so she will be more preferred by her customers. She also wants to open a new business, which is selling meals in the evenings. This will be loan number 3 with the MFP institution, and so she would like your help to continue with her goals. She also says that she likes her communal bank because she knows all of the members and has no problem with any of them.

With the amount of 1000 nuevos soles that she has asked for, a portion of about 700 nuevos soles will be invested in general groceries such as oil, rice, sugar and more, at wholesale prices to stock her store. The rest will be used to buy utensils such as pots, plates, and spoons to open her new business and have more earnings.

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Translated from Spanish by Kiva volunteer Ellen Donohue

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