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Efigenio
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Efigenio has always been tied to the textile business. His family has been working in clothing manufacture and sales for several years. One of his brothers holds a sales position in a large commercial center. It is for this reason that, after leaving behind his business of selling groceries for one and one half years, Efigenio contented himself with the manufacture of hats and pouches. He has spent three years already in this line of work. It is not his first foray into the textile industry; before he worked selling groceries, he bought and sold ready-to-wear clothing. Efigenio lives with his wife, who is employed as a domestic worker, and with his twenty-year-old son. In the future he plans to continue with his clothing manufacture business, making it grow and contracting personnel when he installs more machines in his shop.


Translated from Spanish by Kara Gibson, Kiva volunteer.



Efigenio siempre ha estado vinculado al negocio de textiles. Su familia ha estado dedicada al negocio de la confección y venta de ropa durante varios años. Uno de sus hermanos tiene un puesto de venta en un gran centro comercial. Es por esto que, luego de dejar su negocio de abarrotes en el que duro año y medio, se animo a invertir en la confección de gorras y canguros. Hoy ya lleva tres años dedicándose a esto. Aunque no es la primera vez que esta dentro del negocio textil, antes de haber trabajado vendiendo abarrotes el compraba y vendía ropa ya confeccionada.
El vive con su esposa quien trabaja brindando servicios domésticos y con su hijo de veinte años. Más adelante tiene planeado seguir con su negocio de confección, hacerlo crecer y contratar a un personal de trabajo cuando implemente su taller con más máquinas.

Additional Information

About EDAPROSPO

EDAPROSPO seeks to use micro-credit to foster productive commercial activity for the sake of economic and social development within vulnerable urban and rural sectors traditionally neglected by commercial banks. By offering innovative products such as technical education loans and microfinance groups for young people, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.

About Peru

  • $6,715
    Average annual income
  • 99
    View loans »
    Peru Loans Fundraising
  • $55,064,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Efigenio purchase of machinery for manufacture of clothing.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 1, 2008
Listed
May 13, 2008
Currency Exchange Loss:
N/A
Ended:
May 15, 2009