A loan of $2,000 helped a member to buy everything needed to stock his store.

Barrio Las Canoas Group's story

The “Barrio las Canoas” group is composed of seven women and four men. They chose that name because that’s the name of the neighborhood where they live and the place is divided up into several sections. However, what the members of this group most admire about their community is the trees because the neighbors from this community have been very good about caring for their trees. The members of the group will use the loan to buy various amounts of sheep since this is what they are all involved in. This is the first time they’ve participated in FRAC and KIVA loans.

However, the group representative is Alberto and he will invest the loan in his grocery store. He will buy everything he considers necessary like: milk, bread, eggs, soft-drinks, sugar, water, beans, etc. As a matter of fact, he will buy everything that sells the most which would be food items for the people in his community.

He’s been in business ten years and has had no problems lately. Previously he did because he’d sell on credit and then they wouldn’t want to pay him back so he stopped selling on credit; he doesn’t do it anymore because when payment time comes around many don’t want to pay and he has lost friendships that way. His wife helps tend to the store and his goal is to have another business in another location or town; he’d also like to buy some animals later on.

Alberto is 51 years old and married to Mónica who is 46 years old. They’ve been married for 28 years and have five children together. Jesús, 16, goes to middle school and still depends on them.

In this group: Alberto , Leticia, Ernesto, Alberto , Juana , Crisanta , Abundio
*not pictured

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Translated from Spanish by Kiva volunteer Polliz

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