A loan of $1,075 helped to buy insoles, leather, tacks and thread.

Juan Alberto's story

Juan is 39 years old and lives in Suburbio de Guayaquil. He has a shoemaking workshop in the living room of his house with a sewing machine and a table for cutting leather. He started his business as a game, learning how to make shoes. However, over time he realized that he would like to start working privately. He does not work alone but has two assistants who each have different duties. He invests $2.30 into making his shoes and sells each pair for $5.50, making a profit of $3.20 which allows him to cover his costs and expenses. The biggest competition he has is the Chinese market because, owing to their high production volume, their products are cheaper. He adds that customers see the cost but not the quality. Juan will use his loan money to increase his working capital. He will buy insoles, leather, tacks and thread. He hopes, in the future, to grow his business so that he can finish building his house.

Translated from Spanish by Kiva volunteer Linda Oxnard

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