A loan of $3,050 helped a member buy different colors of wool wholesale.


Santa Barbara Group's story

The Santa Bárbara Communal Bank is a long-standing group. The group is starting its 28th cycle as part of the Santiago II Community Center. There are eight members. It is headed by the board of directors comprised of the president, treasurer, and the secretary; which is the norm for the institution.

Nancy is the president. She makes baby clothes. She studied knitting with a machine, and little by little she “raised her business”. She has been in this business for 20 years. This is her ninth cycle as part of the Santa Bárbara Communal Bank.

She used her first loan for 1,000 Bs to buy wool. Her current request is for 3,000 Bs, which she will also use to buy different colors and textures of wool. Once she has made the baby clothes she sells them in the Tihuanacu fair on Thursdays and Saturdays from four to seven at night.

As Nancy has established her business, the rest of the members have also established theirs. Among them is making sportswear, selling wool from alpacas and sheep, selling baby clothes, selling sweaters, selling detergents, embroidery, and selling various things.

In this group: Nancy, Cristina, Zara, Ines, Teodora, Rose Marie, Eulogia Florentina, Erika Esther
*not pictured

Translated from Spanish by Kiva volunteer Ginny Kalish


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