A loan of $1,600 helped to buy school supplies and photocopier paper.

Karina Elizabeth's story

The San Esteban Communal Bank meets every two weeks in the city of Charapoto. The locality is known for its traditional culture and for being only a few minutes from the province's best beaches, San Jacinto and San Clemente.

Karina lives here in Charapoto. She is 28 year old, single and lives at home with her parents. She has a degree in accounting, something she achieved with a great deal of effort.

In order to make an income to cover her expenses, and also to help her parents with household costs, more than three years ago Karina took over a shop in the city centre. Here she started out with a photocopying machine, and with the help of loans has gradually stocked a small stationer's shop. She works every day, with the help of her mother, who looks after the business when Karina is not there or goes out to buy supplies.

She is seeking another loan as these are very important for her to move forward and expand her business. She invests her profits in things she needs, for example she used them to buy a glass cabinet to display her products, and her goal is to keep growing the business. With this new loan she will buy school supplies and paper for the photocopier.

Karina has been with the communal bank for more than three years and she likes it because the loans have helped her a lot with her business. Her dream is to expand her business.

Translated from Spanish by Kiva volunteer Eloise Phipps

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