A loan of $500 helped to buy raw materials such as leather, soles, adhesives, etc.

Franklin's story

Franklin, 54, has a cobbler workshop where he makes and repairs women's shoes. He is married and has two children who are 14 and 25.

Starting in 2010, through his entrepreneurial initiative, he has generated an income that has benefited his household.

Franklin used to work at a PVC tube manufacturing company. Later he worked at a shoe factory where he learnt the process and techniques that he now uses. This ultimately allowed him to work independently in making women's sandals and women's shoes in general.

His sales are in cash and credit. He works 12 hours a day starting at 7am.

His goal is to expand his workshop and to hire several cobblers so he can produce at a high volume and create jobs.

Currently he is applying for a credikiva loan to buy raw materials such as leather, soles, adhesives, etc. as well as a sewing machine to make his production more efficient.

Franklin will take advantage of the end of the year to increase his profits. He will invest his credikiva loan during a time when his sales are increasing because he has orders coming in faster than before and he has working capital. And with this, his buying power also increases.

Translated from Spanish by Kiva volunteer Sofie Bjorksten

Loan details

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Loan details