To address this reality, Halle started One Mango Tree (http://www.onemangotree.com/), a small business that helps tailors in Uganda to find a market for their products in the United States. Using local organic cotton, One Mango Tree designs and produces womens’ clothing and accessories and provides additional training to its tailors to create new designs with their input. Seventeen women now work for One Mango Tree, and their jobs support their children’s ongoing education.
In 2012, she started to sell apparel directly to the public as well as wholesale to specialized retail shops. Her Kiva loan will be used to help Halle increase inventory, in terms of both variety (color, sizes and styles) and quantity. Since she is now selling wholesale, she wants to be ready to service larger orders.
More information about this loan
This loan is part of the Kiva City D.C. initiative in partnership with LEDC (Latino Economic Development Center). Kiva City D.C. is a subset of Kiva City, a program that allows Kiva lenders to make microloans to small businesses in the United States with the help of community organizations and U.S. Field Partners.
About Latino Economic Development Center:Latino Economic Development Center (LEDC) is a community-based nonprofit that equips Latinos and other DC-area residents with the skills and financial tools to create a better future for their families and communities. Participants in our programs learn how to buy and stay in their homes, join with their neighbors to keep their rental housing affordable, and start or expand small businesses.
Kiva lenders’ funds are used to help LEDC support even more small businesses in low- and moderate-income communities in Washington, D.C. The funds are used to ease loan requirements, including decreasing collateral, interest rates and fees associated with loan disbursement. With Kiva capital, LEDC reaches out to borrowers that may not have met all of LEDC’s existing criteria, allowing the organization to grow its lending operations through its new subsidiary the Community Asset Fund for Entrepreneurs.
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Success!! The loan was 100% repaid