A loan of $1,775 helped a member to buy goods for the business.

Las Fundadoras De Miguel Grau Group's story

Ruth is 51 years old, married and has 10 children, 6 of which are independent and 4 dependent. She has been a member of Edaprospo for 3 years and she has been selling pastries and sweets for the last year. She started her business on the advice and reasoning of a friend who advised her to go ahead with her proposal to start a business of her own and give her children a good education. She has also worked in handicrafts for the last 20 years. Up until now through her hard work and effort, she has managed to build her own house and buy a few things. Currently her income is spent on paying for water and electricity while her husband pays for food. Her plan for the future is to open a grocery store to obtain better profits. She will use the loan to buy goods for her business. Ruth belongs to the communal bank “Las Fundadoras de Miguel Grau” which she has been the president of for the last 4 months. The group consists of 6 people and was established thanks to the visit of one of the analysts.

In this group: Segundina, Marcelina, Alicia, Victoria, Ruth Ines, Felipa

Translated from Spanish by Kiva volunteer Maria Blyth

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