A loan of $4,400 helped a member purchase supplies for baking bread.

El Polvorin Group's story

Joaquín is 35 years old and he is a baker. He has had his bakery for seven years. He and his wife started this business since his in-laws taught him how to make bread. He makes different breads like egg bread, butter bread, concha (shell shaped) bread, cream bread and more. Juaco, as he is known in his community, is asking for a loan to purchase eggs, milk, sugar, butter and more ingredients for making bread because he sells it every day in his community. He buys his supplies in the city of Zitacuaro at different stores that offer good prices so that he doesn’t lose money and keeps some profits. Joaquín says that one of the challenges he faces is that he does not have a location where he can sell his bread or a vehicle for transporting the products every day. He says that the loan will benefit him a lot because he can buy the things necessary for making the bread and then, obtain a better quality of life for his children. His goal is to have a business location where he can sell his hot bread right from the oven and he won’t have go around the homes. Perhaps he can give employment to people in his community. The other members in the group are Catalina, Maricela, Guadalupe, Maria Victoria, Diana, Rosa Maria, Maria Isabel, Ygnacia, Isabel Medina y Maribel. They will invest their loans in fruits and vegetables, antojitos (Mexican street snacks), materials for handicraft embroidery, catalog clothing, silverware and sweets.

In this group: Catalina, Maricela, Maria Guadalupe, Maria Victoria, Diana Martina, Rosa Maria, Maria Isabel, Ygnacia, Joaquin, Maria Isabel, Maribel*
*not pictured

Translated from Spanish by Kiva volunteer Lauren Jackson

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