A loan of $1,550 helped a member to buy food products.

Retoños Group's story

The “RETOÑOS” community bank are about to start their first loan cycle with Pro Mujer, as part of the Collpani regional office. The group has six members and is run by a board of directors which has Magdalena as its president. The businesses that the members of the bank are engaged in are varied and include: sewing skirts, making shawls, knitting blankets and sweaters, running a neighborhood store and selling miscellaneous goods.

Magdalena tells us that she has been working with Pro Mujer for five months and joined through an invitation from a promoter. She currently has a business selling fried empanadas which she has been running for years.

The loan that Magdalena is taking out will be used to increase her capital (buying food products). She will buy her products in La Ceja and then sell them in local markets. This work enables her to make income with which to support her family. Magdalena is married.

When we asked her what she likes about Pro Mujer, Magdalena replied that she likes the savings.

In this group: Magdalena , Gregoria, Santusa, Petrona , Candelaria , Maruja

Translated from Spanish by Kiva volunteer Linda Oxnard

Loan details

Lenders and lending teams

Loan details