A loan of $4,100 helped a member to buy notebooks, books, pencils, erasers, and other items.

Las Amigas Group's story

This communal bank was formed with the help of one of the bank members, who contacted her neighbors and friends to form her group. From that came the bank named Las Amigas because all of them depend on each other so their bank will get ahead, and because all the members are there to help each other and continue making progress in their profitable activities.

Margarita is the president of the bank. She is a very modest, responsible, and active person who very much wants to get ahead. Margarita comments that she has a well-stocked bookstore where she provides her neighbors with all types of school supplies. With this business she is able to help with the household finances and in this way improve their lifestyle.

She is requesting the loan to buy notebooks, books, pencils, erasers, and other items with which she will be able to stock her store and have a good variety.

In this group: Margarita Zulema, Mirian, Liz, María, Pablina, María, Liduvina, Maria, Maricelba, Nimia, Elvira, Maria, María, Rossana, Raquel, Zunilce, Daniela, Luz, Gladys, Claudelina, Valentina*
*not pictured

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Translated from Spanish by Kiva volunteer Catharine Wall

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Loan details