Adding to basket
Mayra, a widow, lives with her 12-year-old daughter, who depends on her financially. She has two other children, both of whom are of legal age and independent. She has no relatives living abroad. Mayra is the owner of a store, which she learned how to run by experience. She started a year ago. She works Monday through Saturday from 8:00 am to 5:00 pm. Her advantage is that she has no competition in the area.
Mayra is applying for a loan because she needs working capital to stock her business inventory. She will use the borrowed funds to purchase sugar, cooking oil, beverages, dairy products, etc. to stock the store's inventory. She expects her sales to increase to generate increased profits. The risk of the investment is that Mayra may have health problems and therefore stop working.
Her aspirations are to expand her business and have financial stability to improve her family's lifestyle and quality of life.
Translated from Spanish by Kiva volunteer Robert Rutledge. View original language description.
