A loan of $625 helped to buy supplies and make minor improvements.

Ximena Luz's story

Ximena, 29, lives in the city of Cartagena with her two young children. She has a food sales business, which she set up 3 years ago when she was unemployed she needed a way to generate her own income to pay for her household expenses. Her business has grown slowly and today, as well as selling soups and lunches, she has added breakfasts, which generate additional income and gives her children a better quality of life.

Her sales are usually for cash, although sometimes she sells on credit to employees of nearby businesses who buy daily and pay fortnightly or weekly.

At the moment, she needs to become more competitive and reduce her costs, her current challenge is to raise working capital so she can buy wholesale volumes and improve production. This is the reason that she is applying for a Kivaloan, her first financing from the Fundación Mario Santo Domingo, so she can buy supplies and make minor improvements to create an improved atmosphere. Her goal is to continue growth and eventually to buy her own home and provide a better quality of life for her children, who are her motivation.

Translated from Spanish by Kiva volunteer Sara Godwin

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