A loan of $1,600 helped to buy equipment and supplies for her salon business.


Oralia Margarita's story

Oralia, 43, has operated her own salon business for 15 years. She works seven days a week, cutting and combing hair and providing manicures and pedicures. She operates her shop in a space on one side of her house. Her sister helps her on weekends because she now has more customers than she can take care of by herself. Oralia also sells beauty products. She buys the products from a catalog and sells them to her customers. Her income, along with her husband's, supports the family's needs and ensures that they can provide for their 10-year old son. The borrower is a hard-working and enterprising woman, characteristics that have allowed her to meet her goals up to now. She is now applying for a loan that she will use to buy the equipment she needs--hair dryer, brushes, scissors and other equipment--to carry on her business. She will also buy wholesale supplies of beauty products--perfume, cosmetics and others--that she will resell. The investment will improve Oralia's business and allow her to deliver a better service to her customers. The wider range of products will provide her with a larger profit margin and, in turn, increase the income she has to support her family. Oralia wants to expand her salon and provide new services, something that will ultimately lead to a better quality of life for her and her family.

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Translated from Spanish by Kiva volunteer Jere Wiseman



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