A loan of $1,000 helped to buy stock for her shop.

Hermenegilda's story

Hermenegilda is 60 years old and, because of her family's financial situation when she was a child, she was not able to attend school. Hermenegilda has a shop on the beach. She lives with her two children, who help her with the business. However, the children are no longer dependent on their mother.

In Hermenegilda's shop, she sells staple goods. The store has been a source of income for years and Hermenegilda likes it a lot. Hermenegilda brings in an income from the shop while her family makes a living buying and selling cattle. Hermenegilda buys stock for the shop in the city, some 28 kilometres away. Some products she has delivered to her home.

Hermenegilda has always used her loan as working capital. She takes out a loan every three months in order to increase stock levels in her business. With different products in her shop, Hermenegilda's income increases.

Hermenegilda's goals are to make her business profitable, and to make sure her children know everything there is to know about running her business. That way, in the future, they can take over the running of the business.

Translated from Spanish by Kiva volunteer Iain Gaw

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