A loan of $1,775 helped a member buy tools to wash sand for resale.

20 De Abril Group's story

The entrepreneurial group "20 D. Abril" was founded in the Caliri area, where most residents work washing sand because of their location next to Lake Irpavi. They are responsible and have agreed to guarantee each other because they have known each other for a long time. The group counts on a board of officers elected by the group:

Mrs. Rosminda is the president, she is married and has school age children. She washes sand in the river and sells it to those who need construction material. With the loan money, she will buy tools to facilitate the sand washing.

Mrs. Saturnina is the treasurer. She is married and sells recyclable materials, collecting plastic bottles and paper for later sale to different factories. With the loan money, she wants to buy a four-burner stove that she needs in her home for daily use.

And finally, Ms. Rita is the secretary. She studies and sells catalog cosmetics. The loan money will be used to buy the latest beauty products in order to sell them above the original price and so make a larger profit.

Altogether, there are 9 members and each one performs a different activity. Juan and Edwin, for example, wash sand in the Irpavi River, Ceferina, Natalia, and Claudia sell clothes in various markets in the city, and finally Ms. Mariela works as a cashier at an ice cream shop. The requested loan will be invested in work materials to generate more income for all of their families.

The members are thankful to Emprender and Kiva for their support and for granting the loan.

In this group: Rosminda, Claudia, Mariela Evelyn, Natalia, Rita, Ceferina, Edwin Ramiro, Juan, Saturnina

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Translated from Spanish by Kiva volunteer Flavia Garcia (vol)

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