A loan of $750 helped to pay off another loan and to use as working capital.


Iván Antonio's story

Iván, 25, lives with his wife and children: two daughters, ages 8 and 3, and a son, 5. They live in their own house, where they have been for eight years. For over seven years they have been selling staple goods and for the last five years items such as bread, fruit, vegetables, and shellfish.

At 3:30 a.m. they drive their vehicle four kilometers to the city to buy merchandise. They sell four days a week, driving approximately 80 kilometers a day, making an investment of $150.00 to obtain an income of $195.00.

The store in their home sells an average $15.00 a day to neighbors. They buy goods at the municipal market on weekends (Saturday and Sunday), to sell fruit and shellfish. Iván's wife carries a basket on her head and goes from house to house selling goods.

The loan they are requesting through Fundación Campo is to pay off another loan and to invest in working capital for their business.

The goal of this loan is to increase inventory (diversifying products in the store) and to start selling clothing and shoes when they go out with their vehicle.

Their goal is to buy another vehicle and expand their selling route, and earn enough to send their children to the university.

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Translated from Spanish by Kiva volunteer Sherry Bess



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