A loan of $975 helped purchase flour, rice and cellular phone accessories.

Gloria's story

Gloria is 33 years old, and has a domestic partner and 2 under age children. She finished her studies and lives in Jr. Loreto Nº 335 in the Ilave district, in the Province of El Collao – Puno. She has been a member of the San Miguel microfinance institute for 5 years.
In the beginning, she increased her capital with a loan of 300.00 PEN in order to buy supplies such as vegetables, rice, sugar, propane, potatoes, and others for her restaurant. After two years she decided to change her business, so she opened up a snack bar in which she sells cakes, salteñas (savory pastries filled with pork, beef, or chicken mixed with a sweet and spicy sauce), and empanadas. She currently owns a cellular phone shop as well as her snack bar business. She tells us that she runs both businesses due to a lack of employment.
With this loan of 3,000.00 PEN, which will be repaid in 3 monthly installments, she will purchase 5 sacks of flour, 7 sacks of rice, among other goods, as well as more cellular phone accessories for her shop.
Her biggest wish is to own a country house with a restaurant and have several cellular phone shops.

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Translated from Spanish by Kiva volunteer Elizabeth Casian

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