A loan of $1,150 helped to purchase supplies in bulk.

Gildardo De Jesus's story

With his previous loan from Kiva, Gildardo purchased leather, rope and iron fittings to make saddles for horses and livestock implements which he then sold, reinvesting the profits in his slightly increased working capital. With this new loan, Gildardo plans to purchase supplies in bulk to reduce production costs, taking advantage of the low prices his providers offer for bulk purchases. This will result in an increase in customers and he will be able to make his investment pay off.

Gildardo would like to give Kiva the following message: "I am very grateful to you for the support you have given me and continue to give with this great labour of love that supports micro-finance entrepreneurs in developing countries".

If you would like to know more about Gildardo's story, go to the following link: http://kiva.org/lend/188473

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Translated from Spanish by Kiva volunteer Suzanne Grasso

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