A loan of $2,600 helped a member to buy purses, cosmetics, jewelry, and household adornments to sell.


Renacer Group's story

"Renacer" (Rebirth) is a communal bank characterized by its responsibility and the high level of participation in its reunions, plus solidarity among the 8 members.

I., the mother of 1 son, used to work in a factory. Following its liquidation, she decided to invest in her own shoe business. Things didn't go very well because customers constantly demand new models and merchandise was left over, causing some losses. This led I. to begin investing in toys, gifts for the home, purses, and small jewelry; that is, creating a small bazaar that did so well that the bank decided to grant her loans. The business advanced and she bought a computer to produce documents. The nearby government office requires that official documents be digitized. Later, she obtained a photocopier that is very useful because there is no competitor nearby.

I. is thankful to God for all that she has today and for not having to worry so much. One of her goals is to continue to grow, to better proviD. for her son, and for the baby she expects in 5 months. She is very content about that.

I. needs the loan to buy merchandise, including gifts for mothers, like purses, cosmetics, jewelry and household adornments. Shortly, they will be celebrating a season when there will be increased demand.

In this group: Bustamante Villar De Montes Nelly Julia, Peña Calle Petronila, Cardenas Lopez De Ferrari Lidia Soledad, Crespo Vilca Hilda Esther, Ccanto Rivera Lucia, Esquivel Donayres Norma, Chung Esquivel Isabel, Pino Flores Marlene Edith

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Translated from Spanish by Kiva volunteer Harold Dana Sims, PhD



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