A loan of $1,950 helped a member increase working capital.

Progreso Group's story

The Progreso community group is part of a Panamerican regional center. This is their second loan cycle, and the majority of the members are requesting it to revamp their savings. In this way, each member can double the money they infuse into their business: from their personal savings and from the loan. There are 10 group members, nine women and one man. The extra man in the photo wearing a black jacket is the husband of another member. The members' businesses are varied: weaving blankets (which multiple members do), selling shoes and clothing, construction, selling french fries, and grocery sales. Susana M. continues to be in charge of the group as president. She says that her business making blankets out of vicuña wool, which is similar to llamas and alpacas, needs to raise capital since the cold seasons of fall and winter are approaching and her products will be in high demand.

In this group: Susana Angela, Elizabeth, Marcela, Margarita, Alicia Mery, Gregoria, Nimfa, Chamabi Lucy, Antonia, Eli

Translated from Spanish by Kiva volunteer Marty Greenstein

Loan details

Lenders and lending teams

Loan details