A loan of $875 helped to buy glue, leather, heels, platforms and plastic, and he will also make some repairs to his shoe stitching machine.


Hector's story

Hector, 56, lives in Soledad and has a shoe-making business. He used to work for a company that produced and sold shoes, but he retired from this position in 1985 so that he could start up his own venture. He bought shoe lasts (molds) and a motor, with which he began making sandals that he would sell to his relatives and friends. Very soon people began to take note of the quality of his products. He would display each design in his own home, and he started to sell by the dozens to customers who had their own clientele, and so in this way he has continued to work. His dream is to have more growth in his workshop, so that he could hire workers and generate jobs. In addition, he would like to have his own place where he could exclusively display his shoes. However, his main challenge is that he lacks the working capital he needs to achieve his dreams and be able to respond to his rapidly growing customer base. At this time, he is applying for a Kiva loan, and this will be the first time that he has had financing through the Fundación Mario Santo Domingo. With this loan, he will buy glue, leather, heels, platforms and plastic, and he will also make some repairs to his shoe stitching machine. He expects that this investment will be successful for two reasons. First, with the loan he will have more working capital and so will be able to buy in cash and in greater volume, so that he will be able to get discounts. Second, he brings a lot of technical experience to the project, acquired when he was an employee of a company that makes one of the best quality brands of shoes in Colombia.

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Translated from Spanish by Kiva volunteer Lisa Grobar



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