A loan of $550 helped to purchase perfumes.

Luis Manuel's story

Luis Manuel is 20 years old. He is single. His business consists in the sale of perfumes previously ordered by his customers. He lives with his parents in the municipality of Arjona, in the province of Bolivar, very close to the capital, Cartagena de Indias. Arjona is known for the manufacture and sale of products such as spongy bread rolls made from unripe or dry corn and dairy products such as cheese and whey. These products are sold in stores in the city and also in the streets and squares of Cartagena. Whole families participate in this trade and this legacy has been passed on from generation to generation. This has given the city a less known title, that of world capital of spongy bread rolls.
Luis started his business in this environment a year and a half ago with the help of his parents. He has a loyal clientele that makes orders periodically and pays in biweekly installments. One of the purposes of the loan is to increase the working capital of the business, so it can grow and Luis can improve his profit. He wants to contribute to the household expenses and, on a personal level, become a marketing professional.
He is applying for a loan from Kiva through the field partner, Fundacion Mario Santo Domingo, to purchase perfumes previously ordered by his clients. Since he buys upon request, this investment has the potential to succeed.

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Translated from Spanish by Kiva volunteer Leticia Barbero

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