A loan of $4,275 helped a member to buy merchandise and raw materiales.

Mujeres Vencedoras Group's story

The community bank called Mujeres Vencedoras consists of 13 people of a variety of ages that range from 20 to 50 years old. The president is a mother of 3 children, one of which is already settled with his own family and the others are adolescents. Juana is the treasurer of the bank and is a very cheerful and proactive person. Nora is the secretary of the bank and has a strong and proactive character. The other people that belong to the bank have similar personalities. The president, Yolanda, runs a small neighborhood store and a beer distribution business. Juana works in her home crafting wool garments and other products. Nora also works in the crafting of wool, along with some of the other members who share this activity. Other members work selling sports clothing for women and children. Lourdes works selling stuffed animals. Others work selling salt at the open markets in the area. There are also members who work making jewelry from gold and silver. While there are other similar businesses in the area where the members are developing their businesses, the influx of consumer markets and the continued urban growth make it so that the development of their activities is not adversely affected; on the contrary many members are hoping to grow and extend their businesses which is why they are asking for a loan. The members are asking for credit to be able to buy goods in greater quantities; others to buy materials for construction to enlarge their small shops and to give better service to their customers; other to buy raw materials to increase their working capital. This group is in their second loan cycle and so most of them already know each other and have experience working with this type of loan.

In this group: Yolanda, Benedicta, Julia Marcela, Julia Victoria, Nora, Lourdes Lucia, Eugenia, Patricia, Maria Isabel, Vilma, Cirila, Juana Brigida, Delia De

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Translated from Spanish by Kiva volunteer Machelle Wilson

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