Funded

Total loan: $1,425
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Carmen Elida

Colombia
Caucasia, Colombia / Laundry

A loan of $1,425 helped to buy three washing machines.


Carmen Elida's story

Carmen is a very enterprising person because she noted a need that wasn’t being met in her town and decided to take it on by crating her own business. Carmen rents out washing machines to people in her town because very few people have these appliances in their homes. In this way she generates income that helps support her home where she lives with her husband and six children.

Carmen started the business about five years ago and it’s been growing rapidly thanks to the good service she offers her customers. Currently, demand is higher than Carmen’s able to meet and this is why she’s looking for a loan that will make it possible for her to buy three washing machines to increase capacity and be able to meet all customer demand.

In this way her monthly income will increase considerably because she will be able to meet all demand for her services. In addition, she will be able to continue generating income to offer her family a better quality of life and increased opportunities for making progress.

Translator profile picture

Translated from Spanish by Kiva volunteer Polliz



Loan details

Loan length:

21 months
Disbursed date: March 26, 2012

Lenders and lending teams



Loan details

Loan length:

21 months
Disbursed date: March 26, 2012