Funded

Total loan: $375
Powered by 15 lenders

Verita

Peru
PUCALLPA, Peru / Sewing

A loan of $375 helped to buy fabric, thread and elastic.


Verita's story

40-year-old Verita is a hard-working woman who is determined to get ahead in life. She lives with Walter who is a motorcycle mechanic and also the father of her two children who are 18 and 12 years old. They live in their own home together with Verita's mother.

Verita's business is sewing and making ladies', men's and children's clothing. She has a small workshop that she set up in her home. She has three semi-industrial machines that she uses to provide a good finish to her products, making them to her customers' tastes. This makes her loyal customers. Verita has been in this business for more than 10 years. At first she worked alone but now she hires a lady who helps her with her sewing and she pays her for each piece of work she does.

Verita likes sewing which is a skill she learned at an occupational education center. Up to now it has served her well as a source of income. This makes her feel like a productive person. She considers her business to be fairly profitable as it makes her good profits. For this reason, she has plans to open a clothes store in her own home where she will display her creations.

This will be Verita's tenth loan from MFP. She is happy to know that she will have financial support as it makes her feel certain that she will make progress in her work. For her part, she pledges once again to make her repayments on time as she did with her previous loans. Verita enjoys belonging to her community bank because all the members are responsible and very supportive people. She will invest her 1,000 soles in buying sewing supplies such as fabric, thread, elastic, etc. She will seek out better prices as she will be buying in bulk.

Translated from Spanish by Kiva volunteer Linda Oxnard


Loan details

Loan length:

8 months
Disbursed date: January 12, 2012
Facilitated by Field Partner: Microfinanzas Prisma

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: January 12, 2012
Facilitated by Field Partner: Microfinanzas Prisma