A loan of $400 helped to buy supplies for her embroidery business.

Elizabeth's story

Elizabeth, 21, is a single mother. She and her young daughter, Veronica, live with her parents in the house where she grew up. She owns a sewing business that is now her main source of income. Her parents taught her to sew when she was growing up, tailoring having been something of a family business. Elizabeth started the business 3 years ago and quickly managed to buy an industrial-scale sewing machine of her own. She mostly makes traditional skirts. "I make most of my income from hand-embroidering skirts . . . they take a month to make and I earn an average of one-thousand soles per skirt", she says. The Festival of Santiago (patron saint of animals) starts soon and Elizabeth expects many orders for skirts because local women want them for dances scheduled during the festival. So many orders, in fact, that she plans to hire her aunt to help her. Elizabeth belongs to the "Mollecito" community bank and this will be her second MFP loan. She likes the support she receives from the bank and says it will help her to ensure the success of her business. She, in turn, is committed to repaying the loan in the agreed-upon time. She will use the loan to buy wholesale supplies of fabric and thread for her business.

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Translated from Spanish by Kiva volunteer Jere Wiseman

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Loan details