A loan of $2,675 helped to buy equipment and supplies, to pay rent, to buy utensils and to buy ingredients.

Genoveva's story

Genoveva, 40, is mother of a 15-year-old daughter; she’s in a common law relationship with her spouse. She’s gained work experience working as a grill cook during the ten years she worked for a nationally-known fast-food firm. But when she became unemployed she took the initiative of using that experience to open her own fast-food business where she’ll offer pizza, hot-dogs, hamburgers, meat kebabs and soft-drinks, among others. To do so, Genoveva is asking for a loan to help her business plan take off.

The loan will be used to buy fixed assets (tables and chairs, a pizza oven) for $1.800.000, to pay rent for the locale and cover the first month’s expenses for $900.000, to buy assorted supplies (cold cuts, bread, sauces, soft-drinks, cheese) for $1.000.000, to do physical upgrades (paint) for $600.000 and to buy utensils and kitchen equipment (deep fryer, knives, spoons, colanders, pots) for $700.000 for a grand total of $5.000.000.

With this she’ll be able to start her business that will generate two direct employment opportunities and will improve her income for home support and she will be in the possibility of reaching her dream of positioning her business and providing a good education for her daughter as well as to improve the quality of life of her entire family.

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Translated from Spanish by Kiva volunteer Polliz

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