A loan of $1,075 helped increasing her merchandise.

Carmen's story

Carmen is forty-three years old, married, and has one, grown, son. Carmen, her husband, and her son, all live in their house -- which, with much effort, they have built. Carmen has been in merchandise since she was very young, and in time was able to get her own stall. As time wore on, Carmen’s business grew. Fifteen years ago, she consolidated her business, just as many of the very busy stores in the area have done. Now she needs a third person to help out with her lubricant business. She is sure her business will continue to grow. She just purchased some hard-to-find replacement parts that are necessary for the repair of any kind of vehicle, so that she could supply local mechanics. Carmen could service any vehicle. She has all the necessary tools, and now all she needs is an employee and a good location in which to set up shop. Carmen started her loans with MFP seven years ago, and she thinks that the institution is an opportunity for the development of her business. With the money she requests, Carmen will purchase lots of replacement parts, which are very expensive (she will spend 3500 soles on them) to increase her income and grow closer to her goals as a businesswoman.

Translated from Spanish by Kiva volunteer

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