While the current economic backdrop has indeed exacerbated an already challenging small business climate, there are still a considerable number of stories that confirm how helpful your loans are to these entrepreneurs. One of Fundación Leon's clients that I was fortunate to meet provides an outstanding example of what a small amount of capital ($300, in this case) and a lot of hard work can accomplish. Roger Antonio of Nagarote started several years ago as a tailor's apprentice, learning a trade that he hoped would help him support his family. With a small loan from FL 2000, he was able to branch out on his own to build his own clientele in the local markets. Now after a pair of subsequent loans (which he used to buy fabric, threads, needles, scissors, sewing machine oil and various other tools) and hiring two employees to assist mostly with selling the dress shirts he sews, Roger Antonio has plans to expand out of his home and into his own shop. While he consistently works long hours, six or seven days a week, Roger Antonio not only is able to provide for his family, but he does so feeling a great amount of pride in the business he is successfully building.
The above paragraph is an excerpt from a Kiva Fellow's update "from the field," re Fundacion Leon 2000.http://www.kiva.org/lend/354486
- see the "updates" tab.
Posted by Casey Cline from Leon, Nicaragua, Dec 1, 2011