A loan of $475 helped purchase of a knitting machine.

Nancy's story

Nancy, 35, lives with her husband and 2 children in their parents' house. For 4 years she has been knitting various articles of clothing. What she makes the most are sweaters, she can make 4 per week depending on the size and the complexity of stitches that she uses. She undertakes this activity in the comfort of her home, without neglecting her children. Once she finishes knitting, with the help of her friends she sends them to be sold in other cities, thus gaining earnings from her own effort.

Nancy considers her business to be profitable because the wool costs less than the value of the handwork. The decoration of her articles qualifies as true artisan work because she does not use electrical energy; nonetheless, further on she would like to produce in greater quantity and start up a textile factory.

This is her second loan through MFP, and she commits herself to keep working in unity with her group. The money she is currently requesting is to buy a knitting machine costing 2500 soles. Only part of the cost is covered by the requested loan, the balance comes from her own savings.

Translator profile picture

Translated from Spanish by Kiva volunteer Geoffrey and Susan Gall

Loan details

Lenders and lending teams

Loan details