A loan of $575 helped to buy cosmetics, beauty products, jewelery, etc.


Ricardo Domingo's story

Every day after having enjoyed his hot cup of coffee Ricardo leaves for his small stand of variety items in the market. He gives excellent service so he has created a large clientele. He is 30 years old, married and has a child. He is a friendly and hard-working man.

He started his business 5 years ago with the objective of generating better income to provide his family with quality education and health services. His wife and his sister has been very supportive.

He is requesting his second loan to increase his capital production. He needs to buy cosmetics, beauty products, jewelery etc. Ricardo is grateful for his first loan with KIva through MiCrédito, as he was able to invest in his business and from the profits make improvements to his house and cover payments to legalize it. One of his future plans is to expand his business, creating a larger stand and offering more product.

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Translated from Spanish by Kiva volunteer leonard delaney


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