A loan of $1,475 helped a member purchase deodorants, creams, shampoos, conditioners, cosmetics.

Mi Nuevo Desarrollo Group's story

The Mi Nuevo Desarollo community bank has 6 members that have different businesses in the community. The group's coordinator is Maria Ana T. Matute, who is 55 married with 6 children and lives with her family in the city of Juticalpa, Olancho.

Maria Ana makes a living selling cosmetics and related products door to door. She only works 4 hours daily since she has colon problems and a heart murmur and those keeps her from working longer. Her advantage is that the products she sells move quickly since women always like to look nice. A disadvantage is that she sells on credit and sometimes her customers don't pay on time.

Her dream is to have a few employees to expand her sales territory and increase her income. She is requesting a loan to buy perfumes, creams, shampoos, conditioners, lipsticks, eye shadow, mascara, deodorants, etc, since this time of year her suppliers have great deals and she wants to take advantage of them.

She has had several loans with FAMA and is very thankful for the support since her business has allowed her to meet her basic needs.

In this group: Ana Maria , Francisca *, Maria Ana , Daysi Dinora , Santos Petrona , Sandra Valesca

Translated from Spanish by Kiva volunteer

Loan details

Lenders and lending teams

Loan details