A loan of $4,325 helped a member to buy merchandise.

Lechuguitas Group's story

The “Lechugitas” (Little Heads of Lettuce) communal bank grew out of the members’ need to invest in their merchandise so that they could produce higher profits to meet their needs.

The governing board elected by the members is led by Cristina, group president. She is originally from VallegranD. but she moved to our city looking for a better future for her family because the previous place wasn’t too commercial. Cristina is married and has two, school-age children. She sells clothing in a sales stall in Cochabamba’s market. She will use the funds to buy seasonal clothing at wholesale since winter is approaching and she needs to stock her stall with warm clothing for this season.

Elisa is group treasurer. She is a person with strong leadership, responsibility and reliability characteristics that she has demonstrated in other organizations she’s been involved with. She sells food and will use the funds to buy ingredients to make her delicious meals.

All the members are businesswomen with a high sense of self improvement; they are always looking for ways to push their families forward and not just be housewives dependent on their husbands. This is why they decided to group together to seek a group loan that will help all of them since they don’t qualify for financing from traditional banks; this way they can support each other and take out a single loan. They are very grateful to Emprender and to Kiva for the trust placed in them by granting the loan.

In this group: Cristina, Paulina Claudia, Rita, Nicasia, Marina, Isabel, Jimena, Elizabeth, Elisa, Indira, Silvia Rosario, Carlos Edson, Jhury, Rafael, Ana Karina

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Translated from Spanish by Kiva volunteer Polliz

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