A loan of $1,325 helped a member to buy Maseca and firewood.

Buenos Aires Group's story

Abade is a member of the “Buenos Aires” communal bank. She’s a 40 year old single mother and has five children of which three are students and still dependent on her.

Abade has been making tortillas to sell for the last seven years. She started her business by herself and now has a small tortilla shop that she and her four employees tend to from 3am until noon. Her advantage is that she has a good clientele but the only problem is that she has to pay rent and what she earns in profits helps her cover the rental cost.

Abade is asking for the loan to buy Maseca [brand of corn flour] and firewood. With support from the loan she’ll be able to continue to have an economic activity that will make it possible for her to cover costs of supporting her family and provide a source of employment for her employees. Her dream is to have a house of her own and to help her children develop professionally.

She’s been getting support from FAMA for five years and has made her installment payments punctually; loans obtained have helped her improve her living conditions and her business.

In this group: Amenecia Doralina, Abade Guadalupe, Mirian Yaneth

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Translated from Spanish by Kiva volunteer Polliz

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Loan details