A loan of $1,200 helped to buy small electrical appliances, household goods, clothing and footwear.

Luis Eduardo's story

Luis, who is 56, lives in the town of Soledad with his wife and his three children, who are aged between 10 and 25. In April, 9 years ago, he set up his own business, having been encouraged to do so by his mother-in-law, who has always been a shopkeeper. She passed on her knowledge to her young daughter who then helped her mother in the business. When they got married, Luis' wife decided to start selling clothing and underwear, small electrical appliances and footwear, for which there had been a previous demand among her customers. Their business gradually grew and so Luis used what he had saved from his redundancy pay to expand the business, in which his wife still serves the customers, while he works as an employee so as to generate two incomes and increase his family's wellbeing. They sell goods for cash and on credit and make purchases in cash in the city of Barranquilla, where the warehouses and distributors offer them the best prices. Today Luis' great ambition is to see the family business grow even more and that is why he is applying to Fundación Mario Santo Domingo for his first Kiva loan, which he will use to buy sets of cookware, small electrical appliances, household goods, clothing and footwear, because sales of these goods are increasing as Mothers' Day approaches. Luis and his wife want to be ready to rotate their stock for Mothers' Day and that is precisely why their Kiva loan will prove to be a succesful investment.

Translated from Spanish by Kiva volunteer Janice Crossfield

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