A loan of $725 helped to buy cotton material to complete outstanding orders.


Miguel's story

52-year old Miguel is a responsible person. He lives with his 51-year old wife Lucia and three of their five children in his own home. They all work hard to get ahead in life. For the last ten years Miguel has earned his living by making underwear in the workshop located in his house. He works there with his wife and adult children; they are the reason why Miguel wishes to expand his business. His son is studying fashion design, specializing in fine lingerie. He sells not only to individual shopkeepers but also to large, prestigious stores. He enjoys his work because he can do it in the comfort of his own home and above all because he is independent. He now needs to obtain a large quantity of local cotton material so he can continue making his products and expand into other markets. In the future he is keen to see his business become a formal company. This is Miguel’s first loan with Kiva partner MFP, and he promises to repay the money punctually as he would like to continue with the program in order to expand his business. With this loan he is planning to buy cotton material so he can complete outstanding orders.

Translated from Spanish by Kiva volunteer Jane A


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Loan details