A loan of $3,250 helped a member working capital.


San Carlos Group's story

ALCANCIA COMUNAL "SAN CARLOS" (San Carlos Communal Bank) “One can fall, but with effort and support from one’s family, one can rise again.” Filomina is 52 years old and has three sons, one of whom is independent. She is the treasurer of the ALCANCIA COMUNAL "SAN CARLOS," which has been working with EDAPRSOPO-PROSPERIDAD for nearly one year and five months. She has been making slippers for more than 15 years. Her business is small now, but it has not always been this way. Filomina tells us that two years ago, on her husband’s initiative, they decided to associate themselves with a friend of his. They were going to open a shoe making business, since her husband’s friend knew something of business. Unfortunately, the partnership broke up after one year, so they decided to continue on their own, since they also knew something about doing business in the marketplace. Things got a bit difficult when the city compelled them to formalize their business and they required papers and permits that took much time and money to obtain, but they got them. Once formalized, they were required to pay minimum wage, tips, insurance, etc. They were not prepared to pay these costs, so the business went broke. Having had a bad experience, they moved and started over. Their children helped with a small, but significant amount of labor. They helped them move their machines and materials to their new shop. She is convinced that, “One can fall, but with effort and support from one’s family, one can rise again.” Filomena also rents out the first floor of her home to earn an extra income. Her plans for the future are to pay for her children’s career education, to finish building her house, along with fixtures and finishing touches, and also to grow her business. She also dreams that her brand of shoe is one day known around the world.

In this group: Filomena Antonia, Roxana*, Santos Cleyber*, Silvia Rosario, Sara Marleni, Maria Silveria, Violeta Aida, Asuncion, Elsa, Maria Teresa
*not pictured

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Translated from Spanish by Kiva volunteer Hugo Reyes



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