A loan of $850 helped use some of the loan to buy wholesale fabrics and with the other part of the money, she will buy creams and cosmetics.


Carmen Socorro's story

Carmen is 61 years old and 20 years ago she learned to be a merchant. She sells small items to her family and friends began building her own working capital. She also learned through observation and developed the skills of a seamstress, so she started making dresses for her small group of family and friends. Gradually, they became her main market and led them to recommend her which helped her to expand her market.

Her business quickly grew and its need for working capital was also becoming more demanding. In order to meet the demands of her buyers, she had access to a loan to finance her line of credit. Currently she applying for a Kiva loan, this will be her second loan through the Santo Domingo Foundation. With a part of the loan she will buy wholesale fabrics to get greater volume discounts and increase production and with the other part of the money she will buy creams and cosmetics. Her customers have placed orders with her and she must respond very promptly to strengthen her offerings and thus make Kiva loan her best and most successful investment.

Translated from Spanish by Kiva volunteer Andrea Kellogg



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