A loan of $575 helped to purchase a sewing machine as well as thread and cloth.

Teresa's story

Teresa, 45 years of age, is a cheerful woman with the will to get ahead, and is also kind and courteous. She is in a committed relationship with Jorge who is retired. Together they have three children who are 23, 20 and 14, comfortably settled in their own home. The business activity Teresa does is dressmaking, a profession she learned by studying at an occupational training center. Later she bought a sewing machine with her savings and set it up in her own home. Since then she has been serving her customers, who seek her out because of the good finished look of the clothing she makes. She successfully won their acceptance, and so has had a steady clientele throughout the 15 years she has been in this line of work. She likes her business because she likes dressmaking. In addition she likes the good earnings it brings her which have served to support her partner in covering household costs and the education of their children, who are her primary motivation for progress. On the other hand, she comments that physical fatigue causes her some discomfort at being seated in one single posture, which has caused her some back pain, but that does not discourage her. She keeps working and making the effort, having plans to expand her business and buy more sewing machines, and provide work to others.

This will be her fourth loan with the MFP institution. She feels grateful for the financial support she has been receiving and wishes to continue with this support. Therefore she commits to making her payments as with previous loans.

With the requested amount of 1500 Peruvian soles she will invest in the purchase of one sewing machine valued at 700 Peruvian soles and with the balance she plans to purchase materials for sewing such as cloth, thread, and other items.

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Translated from Spanish by Kiva volunteer Meg Wolfe-Roberts

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