A loan of $1,400 helped to buy a machine and cotton material for a new line of mop strands.

Malvis Maria's story

Since 2001, Malvis, who is 36, has been making flannel strands for mops, using very manual methods. This business has allowed her and her husband to increase their family's wellbeing. They have four children who are ages thirteen to seventeen.

Their business venture started when her husband was working for a company that made mop strands and the owners proposed that he purchase the material and make the product himself. His ex-employers guaranteed their product's sales, because they would buy as much as they made, so that is what he did along with Malvis, who dedicates all of her effort to keep her small manufacturing business going.

The raw material they need is bought in bales in the city of Bogotá, and is transformed in their home, where they live and work daily, Monday through Friday from 7:00 am to 7:00 pm. Her goal is to increase production, but she doesn't have the infrastructure to improve their production time. Working capital is another big challenge, because it doesn't allow her make significant enough purchases to obtain discounts for buying large amounts of raw material.

She is currently requesting a Kiva loan which will be her first financing through Fundación Mario Santo Domingo. She will use it to purchase a machine and cotton material, in order to include a new line of mop strands to increase her profits. Her goal for her family is to be able to support each of her children's professional education, so that they can have a very promising future.

Translated from Spanish by Kiva volunteer Mariana Sanchis

Loan details

Lenders and lending teams

Loan details