A loan of $2,375 helped a member to buy merchandise to increase working capital.

Flor De Caliri Group's story

FLOR D. CALIRI is a communal bank composed of members from the Caliri area, which is located on the banks of the Irpavi River. The banks of this river have been expropriated by persons who work washing sand that is later sold to construction companies. Most of the inhabitants of the area work washing sand for construction. The bank has 12 members that are engaged in various commercial activities. They have a governing board that was elected at a meeting of members. They are very responsible folks who want to succeed. The association is maD. up of:

Gabriela is the group president. She is married and has children who are of school age. She raises small animals and will use the funds to buy balanced feed to fatten up the animals.

Rosmery is the group secretary. She is married but doesn’t have any children yet. She sells catalogue cosmetics and does well with this activity because she has many customers downtown that place orders with her. She will use the funds to buy sale items that she will then sell at full price.

Alicia is the group treasurer. She is married and has 3 adult children. She is a laundress. Her work is well-known so she is highly sought-after in the area.

Graciela is a domestic employee. She is single and will use the funds to buy a refrigerator for her home.

Maria sells masitas (little fried turnovers), Carmen sells prepared meals, Antonia sells clothing at the markets, Victoria is a domestic employee, Marcelina is also a domestic employee, Natalia sells salteñas (a kind of food filled pastry), Federico sells frozen treats, Benito transports sand in his dump truck; they are all members of the Flor D. Caliri communal bank.

The funds will be used to buy merchandise in order to increase their working capital.

All the members are grateful to Emprender and Kiva for the trust placed in them upon granting the loan.

In this group: Gabriela Lucy , Antonia, Carmen , Maria Hortencia, Victoria, Marcelina, Natalia Benita, Federico, Rosmery Patricia, Alicia, Benito, Graciela

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Translated from Spanish by Kiva volunteer Polliz

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