A loan of $625 helped to buy clothing, beauty products, and food items.

José Regulo's story

José is 24 years old and lives with his spouse in the city of Soledad, where he earns his living selling clothing, beauty products, and basic provisions. He has been in this business for three years; he has been very familiar with this business since he was little because his mother also sold cosmetics and household products from specialized catalogs.

When he was studying at the university, José realized he could capitalize on that potential customer base and he started his business with support from his mother. She provided the items for him to sell, and he reimbursed her for them later. So little by little and with references from his mother, who worked in a beauty salon, he built his clientele and grew his business.

Today, he travels to other cities to buy various merchandise, looking for ways to satisfy his buyers' needs at the best prices. He currently sells for cash or on credit; he makes his purchases with cash in hand so that he can sell the items both in his neighborhood and in other areas.

He is now applying for his first loan with Fundación Mario Santo Domingo. He will use the money to buy clothing, beauty products, and food items to sell to his customers, increasing his working capital a little more and driving sales during the most commercial season of the year, the last third.

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Translated from Spanish by Kiva volunteer Holly Torpey

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