A loan of $2,425 helped a member working capital to improve her snack business and invest in buying cosmetics.

El Carmen Group's story

The “El Carmen” communal bank is located at B/ La cuchilla between the fourth and fifth ring of the city’s southern zone entering by Moscu Avenue. This groups is in its first cycle, is maD. up of 11 members, and the president is Mrs. Johana B. C. and the treasurer is Rosmery V. Casto and secretary Mirna B. G.. The group is dispersing a loan of 16,500B to its members. The women in the group sell cosmetics, food, groceries, and clothing so they need loans quickly. The group meets on Mondays at 15:30 PM at the location previously mentioned. The women are working with Emprender because with the loan they will be able to increase their earnings and at the same time saving. Another activity is sharing with their neighboring friends every 15 dyas.

Mrs. Johana C., President of the group, is in her first loan cycle. She sells cosmetics and also has had a snack stand for 6 years. Every morning she goes to her snack business and at the same time takes advantage of selling cosmetics. She works 6 days a week. Her work requires an increase of capital to improve her snack business and invest in buying more cosmetics. She is very responsible and active in the group, and the opportunity that Emprender provides her she is not going to disappoint. Mrs. Johana B. is the responsible representative of the group.

In this group: Ruth Regina, Sabina, Mirna , Rosmery, Juana, Hortencia, Martha Elvira, Delfina, Johana, Delmira, Lucresia

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Translated from Spanish by Kiva volunteer Cindy Kendall

Loan details

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Loan details