A loan of $3,225 helped a member to invest in her business.

Bicentenario Dos Group's story

The loan group is called Bicentennial 2, named because of this year's festivities (200th anniversary of Mexican independence) and because its members are very patriotic. It is located in Lazaro Cardenas in the State of Mexico. The group has 11 members.

Magdalena F. G. is a member of the group. She is 64 years old and didn't go to school. She has been selling wooden handicrafts for 3 years and has a son. She requests a loan to invest in more merchandise, because the handicrafts she sells are very sought after in her community. Her clients are her neighbours and the people her clients recommend her to. She is happy and excited about the loan, which she wants to develop her business and her sales. She also hopes that the profits will allow her to stay solvent and support her family, since she is quite old and only has her business to support herself and meet their needs.

In this group: Patricia, Maria De La Luz, Karina Daniela, Maria Angelica, Yolanda, Margarita, Araceli, Catalina Maria Guadalupe, Magdalena, Nely, Alicia

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Translated from Spanish by Kiva volunteer Alba Sort

Loan details

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