A loan of $3,325 helped a member to purchase footwear by the dozen.


Adonay Group's story

This communal bank is made up of nine members, the majority of whom live in the Pasanqueri neighborhood. Most of the members have shoe-making workshops and some of the women have very well-known shoe stands in the same neighborhood. The communal bank is made up of two men and seven women. One of the men has a cell phone store on Eloy Salmon Street. The president of the group is Sra. Gabriela, and the group supports her continuation as president. She has been a customer of the bank for a long time. She manages the group well and knows all the members of the group very well. She makes her living selling women's shoes. Her stand is located on one of the most commerical streets of the city. She will use the money from the loan to purchase shoes by the dozen. The treasurer of the group is Sra. Virginia. She earns her living making all types of women's shoes. Her workshop is right in her home. Her market is all over the city, where ever she sells her shoes. She is also very well-known, which is why she was chosen as treasurer. She will use the money from the loan to purchase materials for making shoes. The communal bank "Adonay" is in its fourth cycle. It is a group of people who help each other to get ahead. All of the members are grateful to the institution for the support they have been given.

In this group: Gabriela, Monica Fabiola , Marcelino Severo, Virginia Florencia , Victoria, Fernando Franklin, Petrona, Maricruz, Maria Leonor

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Translated from Spanish by Kiva volunteer Marni Siegal



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