A loan of $2,825 helped a member operating capital to buy materials.

Las Rosas Group's story

Consuelo is married, has four children, and works as a weaver. She has been producing traditional clothing for 15 years. Seeing the need for additional capital, she organized a group with her neighbors so that they could request a loan.

Their Communal Bank is called “Las Rosas” (The Roses) and consists of 12 members. Consuelo is the group leader and will use her loan to buy raw materials. This will enable her to increase her sales and generate more earnings. As a result, she will be able to improve her living conditions and contribute toward the development of society.

In this group: Vilma Josefina, Victoria María Ordoñez, María, María Benita, Dina Elizabeth, Clara Esperanza, Consuelo, Yolanda Isabel, Candelaría, María Jesús, Manuela Rosa, Margarita Isabel

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Translated from Spanish by Kiva volunteer Ronan Reodica

Loan details

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Loan details