A loan of $1,750 helped a member to buy groceries.

La Fe Group's story

Matilde is a member of a group called 'La Fe' (Faith). The group's members decided to give it this name because they say "faith is the last thing to be lost and we have faith in our businesses". Matilde is 45 years old, completed her primary education, and is married to a mechanic. The couple have three children. Matilde and her family live in a community where the main business activity is sowing and producing sugar.

Matilde tells us that she has been renting a small sales location in the center of her community for some years now. In it she sells groceries and, in November, she sells 'coronas de muertos' ('crowns of the dead' - wreaths) in order to earn a little extra money and help her husband with their household expenses.

Matilde says that as she has been working in her businesses for some years, she already has a lot of customers who visit her to buy their groceries. She tells us that in November her customers make orders with her for her special wreaths which they take to the cemetery as an offering on the Day of the Dead. She says "I do very well on the Day of the Dead as I sell a lot of my wreaths. As it is only two days every year, I must make the most of it".

Matilde needs this loan to invest in buying oil, rice, soup, detergents, candies, soft drinks, cookies, salt, sugar, flour and canned goods with which to stock her store and paper, cellophane tape and Styrofoam for making her wreaths.

Matilde hopes that this loan will help her business thrive and that she will make more profits so that she can continue investing in her business and growing it little by little every day.

The other members of this group are:
Vidalina - who sells Mexican snacks
Estela - who sells sewing supplies
Lucia - who sells Mexican snacks
Mariel - who sells cheese
Teresa - who makes catalog sales

In this group: Lucia, Teresa De Jesus, Estela, Vidalina, Mariel Anahi, Matilde Magdalena

Translated from Spanish by Kiva volunteer Linda Oxnard

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