A loan of $3,025 helped a member to buy recyclable materials.

Banco Mujer Unidas Hacia El Progreso Group's story

Elizabeth D. G. is the president of Banco Mujer Unidas Hacia El Progreso (Women United for Progress Bank). She is a hard-working 49-year-old woman who is the mother of 5 children and who, for various reasons, was not able to continue studying, leaving her secondary studies incomplete. However, this has not been an impediment to the development of her business and with the help of the capacity development trainings and advice that some organizations provided her, she was able to open her business.

She found out about the services of Fundación Mujer from a member of another bank. This is her first loan. Her productive activity is a recycling center where they receive all the waste material of the whole community, which they process and sell to big industry. She has had her business for over 5 years, and the principal obstacle that she faces is the lack of money to invest in her business. The loan will be used to purchase recyclable material to make her business grow, generate employment for her community and improve her quality of life and that of her family. For this she has her goals and objectives well-defined. Among them are: to have her own land for her business, because up until now she has to rent facilities, and to be able to pay for her children’s university studies. These are some of her dreams that she aims to achieve with hard work and determination.

The loan will be a big help to Elizabeth and the 9 members of the bank that work in commerce and poultry farming.

In this group: Elizabeth, Jacqueline, Marlen, Sheila, Ligia, Rosibel, Sonia, Yenny, Rosaura, Xiomara

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Translated from Spanish by Kiva volunteer Jacqueline Demeranville

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