A loan of $1,800 helped a member to buy tints, scissors, combs, conditioners, and other beauty products for her salon.

La Amistad Group's story

This group goes by the name "La Amistad" ["The Friendship"]. It is located in the community of El Pabellón, which is part of the municipality of Cuautepec, in Guerrero state. The members of this group decided to give themselves this name because they have known one another for a long time and are all friends.

This story is about Ms. SantaC., since she is the representative of this group. She is 32 years old, married, and has two children, Alejandro and Liliana. Her children are both in school. The older boy is in the third grade of preparatory school and her younger daughter is in the third year of secondary school.

Ms. SantaC. has run a beauty salon for four years. She decided to start her business because she needed to improve the quality of life for her and her family, and so that her children could get ahead. Previously, she did not have the economic means to give her children a good education nor to support her husband with the household expenses. She will invest this loan in the purchase of more materials for her salon, such as tints, scissors, combs, conditioners, gel, and other beauty products.

She says that her business has been quite beneficial, as she has used her profits to pay for her children's schooling and to improve their quality of life. She is also improving her economic solvency and saving to buy a machine for cutting hair and a hair dryer.

Ms. SantaC. would like to continue investing in her business so that it can grow a lot more. Eventually, she would like to build a larger space for her salon, to expand her business, and to create a beauty academy. She would like to increase and improve her profits in order to continue supporting her children's education, to have a good professional career, and to have a better future.

She says that all of her fellow group members are responsible individuals and good payers and that she knows them all and they are very good friends. She also says that have never had any problems amongst themselves and that up to this point, no one has failed to make a loan repayment because they are a very responsible and punctual group.

Ms. SantaC. is very grateful to Kiva lenders and to FRAC because thanks to them, she is making progress and has been able to have her own business and to support her children in their studies.

The members of "La Amistad" and the businesses they will invest their loans in are as follows:

Uvalda - perfume sales
Maria- snack sales
Lucina - fish sales
SantaC. - beauty parlor
Ivett - perfume sales
Víctor Manuela - taqueria
Adalberta - tamale sales
Celia- grocery store
Magali - grocery store
SantaC. (there are two people named SantaC. in the group) - snack sales

In this group: Uvalda, Maria, Lucina, Santacruz, Ivett, Víctor Manuel, Adalberta, Celia, Magali, Santacruz*
*not pictured

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Translated from Spanish by Kiva volunteer Katie Kavanagh

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