A loan of $3,450 helped a member to extend her business premises.

El Tamarindo Group's story

This group is called "El Tamarindo" because the group members meet weekly under a leafy tamarind tree to make their payments. There are 10 members, all of whom are women. They are Rosa, Martha, Maria Magdalena, Araceli, Sacaria, Juana, Dulce Maria, Oralis, Noelia, and Lilia. They all live in the town of Florencio Villarreal in the state of Guerrero. They run their own small businesses. Rosa and Martha sell clothes; Maria Magdalena and Margarita sell tamales; Araceli, Sacaria and Juana buy and sell fish; Dulce Maria runs a butchers shop; Oralis runs a shoe shop; Noelia sells food; and Lilia sells perfume. All of them say that they help a lot with their sales.

Areceli is 25 years old and is married. She did not finish primary school, but she can read and write. She is the mother of 3 children, the oldest is 11 and has finished primary school, and the others are 10 and 2 years old. She sells fish in the market. As she lives far from the town center she rents business premises.

She says that her business gives her good results, but her premises are very small and she wants this loan in order to extend them and adapt them to her needs for selling to her customers and later to remodel her business equipment so she can have more space and more customers.

In this group: Araceli *, Margarita, Juana, Sacaria, Dulce Maria, Oralis, Noelia*, Lilia Minerva, Aracely, Maria Magdalena
*not pictured

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Translated from Spanish by Kiva volunteer Alison Hynd

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