A loan of $550 helped to buy glycerin, coloring, bottles and lids.

Camilo's story

Camilo is 48 years old, and he lives in the southern area of his town with his wife and their daughter, aged 24. Having spent 28 years working for a hair products company, he has focused his business idea on selling creams, shampoos, rinses and so on. He has attended a few technical courses, thus succeeding in learning and perfecting their production. His mainly produces sleeking creams, neutralizers and silicone which he sells to the customers he has gained by selling his products door to door on credit and as well as for cash. He currently wants to sell bigger quantities, but his working capital is not enough to meet his customers’ requests; for this reason he has come to Fundación Mario Santo Domingo to ask for his first loan. He will use it to buy supplies and ingredients such as glycerin, coloring, bottles and lids to increase his production and sell more products. This will increase the volume of sold products, so that his production costs will diminish, and this is the reason why his loan will be profitable.

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Translated from Spanish by Kiva volunteer Emanuela Villa

Loan details

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Loan details