A loan of $1,425 helped a member to buy amaranth, sugar, brown sugar, peanuts, honey and paper for making sweet treats.


La Asuncion Group's story

This community bank is called 'La Asunción' and its members are Paulina Fulgencia, Paula Esmeralda and Raquel Yolanda, who will use their loans to buy tamarind, amaranth, peanuts, sugar, brown sugar, honey and paper for making traditional sweet treats, and Adilene Verónica and Yolanda Minerva, who will buy flour, oil, dyes and bags for making wafer cookies.

Raquel Yolanda is 39 years old. She lives together with her common-law husband and has four children who are all in school. She makes traditional, regional sweet treats such as 'palanquetas', 'alegrías', peanut, tamarind and 'jamoncillo'. She requested her loan to buy peanuts, brown sugar, cereal, sugar and honey so that she can have a better stock of supplies available with which to work. Raquel Yolanda started her business 15 years ago. In her town, everybody makes sweet treats and she was taught by her parents. She started out with loans from the suppliers from whom she bought her merchandise. She sells her sweet treats in the markets in the villages with pilgrims and visitors. Her business is important. She enjoys making her sweet treats and hopes to gain more of the market. Her business provides her with the income she needs to cover all her needs. The challenges that she faces in her business are the high prices of sugar and peanuts. She is happy to be receiving this loan which she will use to buy raw materials so that she can continue working. Her hopes and dreams are to grow her business and for her children to continue studying and achieve the goals they set for themselves. The members of this group thank Kiva and Fundación Realidad for their loans because thanks to their help, they are able to grow their businesses.

In this group: Paulina Fulgencia, Paula Esmeralda, Raquel Yolanda, Adilene Veronica, Yolanda Minerva

Translated from Spanish by Kiva volunteer Linda Oxnard


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