Suritex's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to buy solar panels to power an alpaca fiber plant, creating jobs to local women and increased income in rural Peru.
Around 170,000 families in Peru are small- and medium-sized producers of alpaca fiber. Many are not able to generate enough income to support their families and live in extreme poverty.
Suritex is a social enterprise started by Gregor (pictured inside factory), a chemical and textile engineer, who is helping ensure the alpaquero communities in the Junin region of Peru have the opportunity to earn fair income for their work. The company produces and sells high-quality alpaca clothing and blankets.
Suritex lowers the cost of processing the raw fiber through solar-powered technology and passes on the savings by buying the fiber from the alpaqueros at fair market price. On average, each community sees a US$6,000 increase in income per month when working with Suritex.
Suritex also offers training programs and employment opportunities to women in the communities. At the production site, they learn skills to work in processing, knitting and manufacturing. They are then paid fair compensation for their work. Currently, Suritex directly employs 36 women.
Your Kiva loan will help purchase and install new solar panels that will allow Suritex increase its fiber processing capabilities, ultimately contributing to an overall production growth of 2.5 times its current levels.
The improved processing facilities will allow Suritex to more than double its sales and improve the lives of 25,000 people over the next five years - giving them a way out of poverty through a dignified and reliable source of income.