A loan of $1,500 helped to purchase mobile phones and accessories for stocking his business.

Luis Carlos's story

Luis is a hard-working and enthusiastic young man. He lives in his parents’ house. Many years ago his mother went to live in Chile in order to generate more income and help with the household expenses. The client went to see his mother and saw that he could bring mobile phones and sell them to earn his own money, with which he could pay for his personal expenses and help with the household expenses. Luis studied Business Administration at university, but due to a lack of income he had to leave; however, he will resume his studies as soon as he is earning a higher income because it is important for him to have a profession and his family have advised him to do so.

Although his sales are going well, he does not want to remain a merchant. He needs the loan in order to be able to stock his business. Sometimes he has important orders for a particular model or brand and he does not have the necessary capital to buy these immediately, and this would be a factor in not having the operations he would desire in a business.

Translated from Spanish by Kiva volunteer Eloise Minogue

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