A loan of $1,025 helped purchase construction material.

Franklin Alfredo's story

Mr. Franklin is 26 years old, he has a 4 year old son, and he works making doors and aluminum kitchen furniture. He has his own carpentry workshop that is located in the zone 16 de Julio, in the city of El Alto. He has been involved in this business for 6 years, a business he learned from his father who also made aluminum furniture. This is his first loan in a sequence with this financial institution. Mr. Frankloin will use this loan to purchase construction material to expand his workshop and the reason he needs this loan is because of the lack of working capital needed to purchase these items, also, this way he will be able to do so without added stress. Mr. Franklin faces challenges in his business such as making his way out of poverty by using his additional earnings to improve his quality of life, since this is the only economic activity he has to allow him to support himself and to support his family. And so, he feels happy and thankful for the financial institution that will lend him this money.

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Translated from Spanish by Kiva volunteer Kristin Connor

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