A loan of $1,500 helped to buy 50 cartons of eggs, 25 quintals of flour for bread, 25 quintals of sugar, 30 pounds of butter, 20 pounds of salt, a cartload of wood. Etc.


Elsi Noemi's story

Elsi is 34 years old, married and has 2 children; a 15-year-old and a 12-year-old. She has been making and also selling sweet bread and French bread for more than 7 years; she learnt this craft from her husband who is a baker. She had a finance loan of $1,500.00 from KIVA to build up the bakery. But she has now repaid this on time and she is currently applying for another one to use for the same thing.

She sells the products she makes from her home and her husband goes out to sell them from a bicycle in the neighborhood where they live in and in the surrounding area, if not in the city.

Elsi buys the supplies to make the bread from distributors who bring it to her home since they lack the necessary resources to transport them. When they run out she calls to place her order by credit and pays for it at the end of the week.

The loan that she is applying for from Fundación Campo is to buy 50 cartons of eggs, 25 quintals of flour for bread, 25 quintals of sugar, 30 pounds of butter, 20 pounds of salt, and a cartload of wood e.t.c. By buying these supplies to make different types of bread, the bakery will make more sales and as a result her income will increase. In this way she can satisfy the neighborhood demand.

In the future she wants to buy an industrial oven which runs on electricity so she can bake more bread since in winter she can only bake once a day because of the rain. If she buys an industrial oven she'll be able to bake twice a day as it will be inside the house. She also wants to build a room as she has two adolescent boys who need their own space.

Translated from Spanish by Kiva volunteer Amy Gulvin



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