Aurelio martin

Loan description:

Aurelio Bustamente is a tailor specialising in sportswear. He is 53 and married with six children - one boy and five girls. Don Aurelio also works as a trainer in an artisan centre. He used to specialise in formal menswear but demand fell as more shops opened that allowed people to hire suits as well as shops that sold second hand clothing. He therefore decided to focus on sports clothing instead. Don Aurelio has a workshop which he runs with his wife and daughters. He requested a loan in order to buy materials which he uses in his business such as various textiles, zips, and numbers and letters which are put on the back of sports tops. He always buys these items in bulk because he can negotiate a substantial discount with suppliers. He has a profitable business particularly because there is little competition locally in Catamayo. He intends to also make some physical improvements to his workshop that will enable him to have more space available - he wants to sell textiles to smaller tailors as well. Don Aurelio intends to repay the loan over 18 months.