A loan of $2,475 helped a member to increase working capital and inventory.

Apostol Santiago Group's story

The APOSTOL SANTIAGO enterprising bank has been cooperating with our institution for 8 cycles, since 1997. This group is characterized by the fact that most of its members are merchants of beauty products, food supplies, and clothing. The group has grown cohesively and has become enterprising. JULIA has been with the group for a very long time and acts as its president; she sells food items at the minibus stops in the Chijini area. With the financing she was able to buy such things as oil, sugar, flour and pasta at wholesale to meet her demand. Julia has a large family and her orders have helped her improve her income. JAQUELINE is one of the founding members and currently acts as group secretary. She has a family of 3 members and she sells clothes in the city of La Paz. She travels as far as Yacuiba (on the border with Argentina) where she gets items like crockery and beauty items. With financing from the institution she was able to increase her working capital and her earnings thereby improving her family's quality of life. ROSMERY has been with the group for a long time and acts as its treasurer. She is a craftsperson and makes macrame blankets and sweaters. The financing has served to buy materials in large quantities in order to accumulate items to be sold during the Christmas season thus improving her income.

In this group: Elizabeth, Julia Victoria, Alejandra Monica, Beatriz, Camilo Federico*, Rosmery, Maria Antonieta, Janete Jaqueline, Vicky, Rosa Clementina
*not pictured

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Translated from Spanish by Kiva volunteer Polliz

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