A loan of $375 helped to buy supplies.

Pelagia Teodocia's story

Pelagia, 44, has four children who are 18, 16, 14 and 9 years of age; all attend school. Her activity is running an eatery located in the Villa Fátima zone where she serves such dishes as ‘Caldo de Cardan’ [bull penis and testicles soup], ‘thimpu’ [boiled lamb shank], ‘sajta’ [spicy stewed chicken], etc.

This loan is Pelagia’s first sequence in the institution and she will use it to buy ingredients like potatoes, dehydrated potatoes, rice, etc. at wholesale to prepare the delicious dishes for her restaurant. Her reason for requesting this loan is the lack of cash to buy these essential ingredients needed to make her dishes.

The business challenge Pelagia faces is that’s it’s located on the second floor of a building which somewhat limits sales but even so she has customers and will use profits to continue buying ingredients at wholesale.

Pelagia’s wish is to be able to get a spacious store at ground level using the ‘anticrético’ [transaction not available in the U.S. whereby a property owner requests a "loan" from you in exchange for housing, which must be paid back to you at the end of your contract. If your loan is not repaid, the property owner could lose the property to you] modality so that customers will be able to see it more easily.

Translator profile picture

Translated from Spanish by Kiva volunteer Polliz

Loan details

Lenders and lending teams

Loan details