A loan of $2,800 helped a member to purchase fertilizers and seeds for her plantations.


Mi Banquito Group's story

Ciceli has been a member of the communal bank "Mi Banquito", meaning "My Little Bank" for the past four years. Eight months ago she became the president of the group. At her 33 years of age and with her two dependent children, she faces life as a single mother. Ciceli grew up in a family of agriculturists who plant, harvest, and sell produce, such as: potatoes, fava beans, and alfalfa. She currently plants and sells flowers and this is how she has reached financial stability and how she has been able to give her young children an education. Ciceli wants to use a better irrigation technology in her agriculture projects in order to acquire a better system of irrigation to obtain better results. This will translate into better earnings from her production. The loan will be used to purchase seeds and fertilizers for her plantations. The communal bank "Mi Banquito" is made up of 10 members who have been in the communal system for four years. They are thankful for the loan received, a new opportunity to use as working capital. Month after month they work hard to make their payments on time. Victoria Elena and Rosa are absent from the photograph for work schedule conflicts, arriving late to the meeting.

In this group: Ciceli Esmeli, Rosa*, Victoria Elena*, Nicolas, Lita Noemi, Ketti Milagritos, Faustina Clelia, Benita Filomena, Janet Juliana, Jaqueline Jeannine
*not pictured

Translated from Spanish by Kiva volunteer



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