Funded

Total loan: $925
Powered by 34 lenders

Maria

Peru
Lima, Peru / Cosmetics Sales

A loan of $925 helped to buy merchandise and a car.


Maria's story

Maria is a 58-year-old lady who lives in her own house together with her husband and daughter, whom she helps to care for her grandson. She sells medicinal and beauty products, an activity that her daughter’s support inspired her to start 6 years ago. Her kindness has helped her to increase her number of customers, who month by month place their orders with Doña Maria who visits them continuously to maintain contact and offer them new products. However, the hours of travel and the long walk end up tiring her out, but at the same time this motivates her because she is able to get lots of orders that she must take to her customers’ houses. This work has good financial advantages, Maria is able to take advantage of seasonal offers and then sell on the products at their normal prices, so earning an additional percentage which helps her to cover her transport costs.

She also takes part in another activity together with her partner. They hire out cars and she administers and controls the operation. Over time, Maria would like to increase their number of cars until it is possible to start up a rental company. Maria has been working with MFP for 5 years and this is her eighth loan. Up until now she has continued to take advantage of the financial and social opportunities offered by the Institution. This time, she is thinking of investing the money she is asking for in both businesses, so that she can increase her cosmetics and finalise the capital needed to purchase a car and thus increase her income.

Translated from Spanish by Kiva volunteer Lara Francis


Loan details

Loan length:

8 months
Disbursed date: February 6, 2009
Facilitated by Field Partner: Microfinanzas Prisma

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: February 6, 2009
Facilitated by Field Partner: Microfinanzas Prisma