A loan of $2,800 helped a member working capital.

Papichulo Group's story

The communal bank "Papichulo" has 10 members, 8 of whom are women and 2 are men. It is a cheerful group, since the members have known each other for a long time. N. Berta is the president of the group. She is separated and has 2 small children who are in school. N. Berta has a business selling chicken from a door in her home. She sells every day in order to be able to support her children. They live in a large house where there are a lot of tenants who pay rent. They expect to grow gradually and to acquire a small piece of land.

The rest of the group is involved in different businesses such as the sale of food, hamburgers, clothing, CDs, and services including public transportation and a beauty salon. Some of the members have a fixed business location in the market and others are street vendors, but this is not a problem because they have their customers and they are able to generate an income that supports their families.

The group in general has quite a bit of experience in their businesses, having regular customers and customers who recognize their efforts. On the other hand the confidence and unity of the group is important, since 90% of the group has already worked with similar institutions and they know how to work in a solidarity group.

The current loan will be used for working capital for their business operations. They will buy merchandise, supplies and materials to increase their sales and improve the quality of life for their families. David will use his loan to purchase spare parts for his vehicle. As for the competition, it is always present, but the members know that to get ahead takes effort, dedication and hard work because the livelihood of their families and the welfare of their children depend on it.

In this group: Berta, Maria Antonieta, Matilde, David, Maria Virginia, Mariel*, Rosario, Damiana, Alicia, Harold Igor*
*not pictured

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Translated from Spanish by Kiva volunteer Lisa Grobar

Loan details

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Loan details