A loan of $1,475 helped a member to buy electric clippers for cutting hair, a dryer, an iron, and liquids and dyes for hair.

El Cedral Group's story

This communal bank is called El Cedral. Of its members, Señora Irma is going to buy bread with her loan; Señora Lucia is going to buy an electric razor, a set of dyes, a dryer, and brushes; Señora Adriana Berenice is going to buy packages of Jafra and Mary Kay cosmetics; Señora Monica is going to buy oil, sugar, toilet paper, light bulbs, eggs, soap, coffee, and soft drinks to stock her store; Señora Bertha is going to buy suckling pigs, fatten them and sell them.

Señora Lucia is 29 years old. She attended school up to the third year of secondary school. She is married. Her husband works in the fields, and when there is no work in the fields, he works as an assistant to a bricklayer. They do not have children. She has a beauty salon. She is applying for the loan to buy electric clippers for haircutting, a dryer, an iron, and various liquids and dyes for hair. She began her business a year ago. She learned in a course from the municipality that she took nearby. She began with a few things with her savings from selling tlacoyos (a Mexican snack). Every day she went out to sell her tlacoyos of fava beans, cheese curds, and kidney beans in the center of the community where she lives. Her business is important because she likes what she does and it generates income for her. She feels proud when she dyes hair, curls it, or does hairdos and the customer likes the result. Her clients are relatives, friends, and neighbors from the community. She is planning to expand her business and to buy all the supplies, furniture and materials necessary for her work, to give her customers better comfort and the services that they request. She thinks she will succeed by making an effort and saving, and with the loan she is going to stock up on all the materials. She will use the earnings for household expenses and to reinvest in her business. She is happy to be receiving the loan because she is going to acquire some products that she needs in her salon.

The members of the group want to say to Kiva and to Fundación Realidad, "We are very grateful to you and happy that you can help us. May you continue helping more people. With your loans we can grow our businesses and our families."

In this group: Irma, Lucia, Adriana Berenice, Monica, Bertha

Translated from Spanish by Kiva volunteer Pam McMurry

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