A loan of $1,500 helped to buy bundles of used clothing for his business.


Miguel Angel's story

Miguel is 36 years old, he is married and has a young son. He makes his living selling used clothing at his point of sale which is located in the San Basilio area of the city of Santa Cruz.

This is loan is part of his first loan cycle with the communal bank. Miguel will use the loan to buy bundles of used clothing for his business, he is seeking the loan due to a lack of capital. Miguel faces challenges in his business as there are many people who perform this activity in the area. He will use the profits to continue improving his sales spot. His dreams for the business are to have a range of stock to offer a variety of products to his customers. Miguel is a hardworking person, he is happy and grateful to the communal bank for the help given as this is the only activity which enables him to support himself and his family. Miguel finds himself in the company of his family in the photograph.

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Translated from Spanish by Kiva volunteer Severine



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