Gregorio earns a living making and selling seasonal socks. He learned to make socks in a textile training class for a group of entrepreneurs, with the idea of creating a micro-business. He works in the city of El Alto, where the low temperatures make his undertaking a profitable business.
His family is present throughout the entire production process, such as fabric purchasing, manufacturing, and sales. His business is located in the very commercial 16 de Junio area, and he works from Monday through Sunday. His dreams revolve around his work: selling wholesale and distributing his merchandise nationwide.
His children work in the same business. The eldest finished secondary school and is studying tailoring and fashion design, following in his father's footsteps. The younger children are still in school but already have sewing experience.
For these reasons Gregorio is requesting a loan to buy thread and fabric to improve the family business.
Él es una persona dedicada su trabajo, de carácter humilde, aprendió a confeccionar medias durante un curso de capacitación textil a un grupo de emprendedores con la idea de crear microempresa, su lugar de trabajo es en la ciudad de El Alto, lugar dónde las bajas temperaturas hacen de su emprendimiento un negocio rentable.
Gregorio es de tez morena, cabello corto y estatura mediana, su familia se encuentra presente en todo el proceso de producción, como; la compra de tela, confección y venta. Su negocio se encuentra ubicado en la zona 16 de julio un lugar muy comercial y su trabajo lo realiza de lunes a domingo. Sus sueños giran alrededor de su trabajo; vender por mayor y distribuir su mercadería a todo el país.
Sus hijos se dedican al mismo negocio, el mayor terminó la escuela secundaria, estudia corte y confección y ya sigue los mismos pasos que su padre, los hijos menores aún se encuentran en la escuela pero ya tienen experiencia en la costura.
Es por esos motivos que Gregorio solicita un préstamo para la compra de hilos y telas y así mejorar el negocio familiar.
More information about this loan
This loan is part of an innovative partnership between Kiva Labs and Innovations for Poverty Action to evaluate the effects of product design changes on the welfare of micro-entrepreneurs and on the viability of microfinance institutions. Through this partnership, Emprender is testing several alterations to existing products that aim to address the limitations of financial services currently available to the poor by offering lower interest rates and/or more flexible payment dates. This loan is being offered to the borrower with innovative flexible loan schedule and a reduced interest rate. Because this product is low-interest, previously untested and potentially riskier for the microfinance institution, funding this loan on Kiva is particularly important to Emprender.
About EmprenderEmprender has been working in Bolivia since 1999. It is dedicated to becoming a key tool in the development of its clients and the improvement of their quality of life. Operating in three of Bolivia’s major cities – La Paz, Cochabamba, and Santa Cruz – Emprender offers both urban and rural clients the opportunity to obtain financial products tailored to fit their needs and businesses. These products include housing loans, salary loans, “opportunity” (short-term) loans, and higher education loans. To better the quality of life for its clients and non-clients through non-financial services, Emprender offers free medical consultations and health classes given by trained doctors.
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