Total loan: $3,450

El Polvorin Group

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Zitacuaro, Estado de Michoacán., Mich., Mexico / Food

El Polvorin Group's loan finished fundraising,
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A loan helped to buy seasonal fruits and vegetables to sell.

El Polvorin Group's story

Catalina a member of the communal bank "El Polvorín." She says that the group adopted this name because it is the name of the neighborhood where the group meets to make their payments. Catalina is 27 years old and single. She is a hardworking woman who struggles each day to provide for her parents, because she is the main source of support for the household. She has had a business selling seasonal produce such as: guava, sugarcane, chilies, tomatoes, green tomatoes, apples, strawberries, oranges, tangerines, and Mexican hawthorns (sour plums) for more than 6 years. She stocks up on her fruits and vegetables from the wholesale center in her town, and she goes to sell them in the local market. One of her dreams is to set up a stable business in her house, so that she could look after her parents. She says that this would make her very happy. Cata, as she is affectionately called, is asking for a loan so that she can continue to invest in her business, and also because during the month of December the sales are high due to the fact that in this season people make a special drink out of fruit, called ponche, which is given out in the Christmas processions and parties. She says that she is very grateful for the access to credit, because with the loans that she has already taken she has gradually been able to make her business grow, and she hopes to very soon make her dreams a reality. The other 9 members of this group are: Maricela, María Guadalupe, María Victoria, Diana Martina, Rosa María, María Isabel, Adela, Ana Luisa and Ygnacia. They will be investing their loans in the following types of businesses: grocery stores, clothing stores, embroidery businesses, sweet stands, businesses selling shoes through a catalog and fruit and vegetable sales.