Adding to basket
Esbanys has 3 year of experience in retail trade. She started her business selling handbags, clothing, shoes, pants, jeans, and school supplies due to the need to generate income for her family and to support her household. Her goal is to have a shop in the center of her town, so that her income could increase and she could improve her family's quality of life. To reach this goal, she works hard every day of the week for 14 hours a day.
Esbanys is applying for a loan to buy clothing, handbags, shoes, jeans, and school supplies, taking into account the seasonal demand for students and the carnivals of Barranquilla that will happen very soon. She has regular customers, to whom she sells on credit. They pay her daily or bi-weekly. Her main suppliers are wholesale distributors who offer competitive prices if you buy in bulk.
With this loan, Esbanys will strengthen her working capital and will increase her sales and profits. She has a lot of orders, but lacks sufficient capital for reinvestment, as she has accounts to collect and her loan would finance this sum.
This entrepreneur needs an injection of capital to expand her customer base and have the liquidity she needs to fill her orders in a timely way and have products available to sell including school bags, school socks, school shoes, and other seasonal items.
Translated from Spanish by Kiva volunteer Lisa Grobar. View original language description.
