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Elizabeth
Elizabeth, 21, is a single mother. She and her young daughter, Veronica, live with her parents in the house where she grew up. She owns a sewing business that is now her main source of income. Her parents taught her to sew when she was growing up, tailoring having been something of a family business. Elizabeth started the business 3 years ago and quickly managed to buy an industrial-scale sewing machine of her own. She mostly makes traditional skirts. "I make most of my income from hand-embroidering skirts . . . they take a month to make and I earn an average of one-thousand soles per skirt", she says. The Festival of Santiago (patron saint of animals) starts soon and Elizabeth expects many orders for skirts because local women want them for dances scheduled during the festival. So many orders, in fact, that she plans to hire her aunt to help her. Elizabeth belongs to the "Mollecito" community bank and this will be her second MFP loan. She likes the support she receives from the bank and says it will help her to ensure the success of her business. She, in turn, is committed to repaying the loan in the agreed-upon time. She will use the loan to buy wholesale supplies of fabric and thread for her business.
View original language description ↓
Elizabeth, de 21 años, es una madre soltera, tiene una pequeña hija llamada Verónica. Vive en compañía de sus padres en su casa propia, desde que nació. La confección de faldas típicas, es su principal ingreso económico. Sus padres desde muy pequeña le enseñaron el oficio familiar. Ya tiene 3 años de experiencia en la fabricación de manera independiente. En todo este tiempo logró obtener una maquina industrial, gracias a su esfuerzo. Su trabajo consiste en pedidos de faldas típicas, “tengo mayor ingreso económico con los bordados de faldas a mano, me tardo un promedio de un mes y logro ganar mil soles promedio, por falda”, comenta. Ahora comenzó la temporada festiva de Santiago, (fiesta en honor a los animales), donde tiene muchos pedidos de faldas para que bailen los pobladores en la festividad, por lo que contrató a su tía para que le ayude, espera obtener buenas ganancias. Ella pertenece al grupo solidario “mollecito” y este es el segundo crédito con MFP, donde está muy contenta de saber que tendrá un apoyo financiero, ya que así se sentirá segura de avanzar con su negocio. Por otro lado promete cumplir con el pago de su cuota. Elizabeth, invertirá el dinero en la compra de hilos y telas al por mayor para sus bordados.

About Peru

  • $6,715
    Average annual income
  • 114
    View loans »
    Peru Loans Fundraising
  • $56,814,000
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Elizabeth to buy supplies for her embroidery business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2013
Listed
Feb 8, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013