A loan of $175 helped buy several dozens of sneakers.

Gumercinda Praxedes's story

Ms. Gumercinda Praxedes is 48 years old. She belongs to the Blessed Women Communal Bank II and lives in the Porvenir district in the Trujillo province, department of La Libertad, Peru.

She studied elementary education, but she didn't continue her studies due to lack of financial aid. She married at the age of 16 and has one son.

Gumercinda has a business of selling season-appropriate footwear, especially sneakers.

With the first loan of 300 soles (~$100), which was paid back in four installments, she bought two dozen sneakers and was able to sell them for a good price.

With this loan of 500 soles (~$175), which will be paid back in four installments, she will buy several more dozens of sneakers and sell them by the pair.

Gumercinda dreams of having a place or a store where she can sell her products.

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Translated from Spanish by Kiva volunteer Olivia Shirley

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