Funded

Total loan: $450
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Libia


A loan of $450 helped buy materials for making women's sandals, and ingredients for making desserts.


Libia's story

47-year old Libia has three children between the ages of 14 and 16. She has thirteen years of experience making women’s sandals, and she also makes wheat flour-based desserts and other products which she sells for cash or on credit. With the income she has managed to support her family and grow the businesses. Libia works every day of the week from 10 in the morning to 8 at night. Her customers are mostly neighbours or people living nearby who have been referred to her.

Right now orders from customers are greater than her ability to buy ingredients because she doesn’t have sufficient working capital. Nor can she buy in large quantities so she can get a discount. For this reason she is asking for a loan from Kiva, via the Mario Santo Domingo Foundation, her first with this organization. With the money she will buy materials and increase production of women’s sandals. She also plans to buy ingredients and supplies to make desserts and in this way be able to respond to her customers’ requests in a more timely manner.

Translated from Spanish by Kiva volunteer Jane A



Loan details

Loan length:

12 months
Disbursed date: February 18, 2013
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)

Lenders and lending teams



Loan details

Loan length:

12 months
Disbursed date: February 18, 2013
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)