A loan of $1,825 helped a member to buy raw materials for a chocolate shop.


Santa Rosa De Yanacoto Group's story

SANTA ROSA de YANACOTO
Pamela is a 21-year-old, young lady who is single and a student majoring in tourism and hospitality. She began baking bundt cakes two years ago with a small amount of capital she got from her mother which she used to buy bundt cake pans, a mixer, spatulas, and the ingredients needed for this product. She sold them to her family and friends. Soon after she learned of the loans which EDAPROSPO – PROSPERIDAD gives to entrepreneurial persons like herself so she decided to participate in the “Santa Rosa de Yanacoto" communal bank, a group which currently consists of 10 members. The initial funds she got from our institution were used to buy bundt cake forms, chocolate icing, decorative boxes since the Christmas holidays were near. This turned out to be very profitable because her profits allowed her to pay for transportation, to get school materials, and to pay her travel expenses for school. She needs this loan to buy Christmas-themed cake forms, wrapping materials, chocolate icing, cocoa, whipped cream, flour, etc. to fill her holiday orders so that she can make enough money to finish her studies.

In this group: Cristina Marlene, Rosario Carmen, Angelica*, Bonifacia Gregoria , Benito Oswaldo , Blanca Gladys, Pamela Del Rosario , Victoria Ysabel, Miguel Ludwing , Cecilia
*not pictured

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Translated from Spanish by Kiva volunteer Polliz



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