A loan of $3,200 helped a member to increase working capital.

Bella Vista Group's story

"Bella Vista" is a communal bank located in the neighborhood of the same name. It is formed by 10 members, the majority of whom work in informal commerce and other activities to support their families. The majority of the members live on the same street and so they know each other very well.

Rufina was elected president of the association. She is a widow and has a son who helps his mother in every way that she needs, especially when Rufina is selling food to the workers in the brick factory that is in the neighborhood. She also raises and sells dogs. At this date she has 18 dogs that she is raising with a lot of affection. She says that they are almost like children to her, and as such she provides them with a lot of attention. She tells us that she will use the loan requested to increase the capital in her store.

Rogelia is married and makes clothing. She has small children who are school-aged. She is very responsible and hardworking, and with the money from the loan she will buy fabrics at wholesale in order to make more of her products. Like Rogelia, the other members of the group will invest the loan proceeds in their businesses and in a number of cases, will start a new business. In this way they will improve the living conditions of their families.

All of the members are grateful to Emprender and Kiva for the trust provided in granting this loan.

In this group: Rufina Clementina, Nancy , Alfredo Nestor, Damiana, Maria Silvia, Simon Ricardo, Carmen , Cristian Mario , Rogelia Martha, Diego Armando

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Translated from Spanish by Kiva volunteer Lisa Grobar

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