A loan of $650 helped to buy stationary such as pens, notebooks, and other school supplies to sell to his customers.

Reinaldo Rafael's story

When he finished high school, Reinaldo started his own business with the support of his aunt in order to be able to make a living and study to become a state police officer. In February of 2011, he used the resources of his aunt to buy a display cabinet and stock it. He began noticing that his sales went up each time and therefore he started to reinvest the profits in his business. He has been paying back his aunt little by little, and he has been able to buy more display cabinets. Today his goal is to expand and structure his business better and better since he has to put together enough money to study.

Presently he is applying for a loan from Kiva, the first loan that he has gotten from Fundación Mario Santo Domingo, which he will use to buy stationary such as pens, notebooks, and school supplies, among other things, to continue to sell directly to his clients for cash or on credit. Reinaldo has been able to build a clientele of young people and women, from students to housewives. He buys from specialized warehouses in the center of the city in order to get better prices and make offers that permit him to compete in the market.

Translated from Spanish by Kiva volunteer Laura Swett

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