A loan of $1,125 helped to buy raw materials and supplies and an industrial sewing machine.

Nelly's story

Nelly, 46, lives in the town of Soledad with her spouse and two children who are 21 and 25 years of age. Her great dream about them is seeing them triumph. Nelly is a dressmaker and also sells dressmaking supplies. Her business operates in a locale in downtown Soledad and has four sewing machines and five display cases to exhibit the products. Her Kiva loan is the first loan Nelly’s gotten from Fundación Mario Santo Domingo and she’ll use it to buy raw materials, supplies and an industrial sewing machine.

Her gross profit is 31% and her net profits are sufficient to repay the loan. Most of her expenses are operational. She pays cash for her purchases and inventory turns over in 32 days while she gets the credit she offers repaid in 15 days. The business is showing profits over sales no less than 16%. Her dream is to expand the dressmaking as well as to make adjustments to the store where she sells her items.

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Translated from Spanish by Kiva volunteer Polliz

Loan details

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Loan details