A loan of $2,900 helped a member buy clothing for her business.

Rosales Group's story

The “Rosales” (Rosebush) Communal Bank is named that way because the owner of the house where they meet has many rosebushes which they really like a lot. The bank is located in Morelos, México where the community is well known because the majority of its inhabitants are in agriculture mainly growing corn, onions, green beans and sugar cane. The group is made up of 8 people, one of them is Mrs. Julia, she is 53 years old and only attended primary school, and she is a housewife and has been in sales for 4 years. She sells clothing and says that thanks to her business she has been able to get ahead as it is her main source of income. The loan will be used to buy clothing, to have a greater variety for the tastes of her customers as well as seasonal clothing. Mrs. Julia hopes to keep seeing her business grow by investing in it to make it grow each day and be known by all of the residents in the town. With her earnings, Mrs. Julia supports her family as well as their expenses so that they can have a better quality of life.

In this group: Mirian, Julia, Marlen, Sebastiana, Abundia, Ynes, Modesta, Nayeli

Translated from Spanish

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Loan details