A loan of $2,775 helped a member to buy wholesale comforters.


Las Cariñositas Group's story

The communal bank LAS CARIÑOSITAS is comprised of eight members, seven women and one man. The president of the entrepreneur bank is Mrs. Rafaela who is 40 years old, married and has three children, aged 15, 10 and 9, who are all in school and depend on her. She sells comforters for a living and this is her first loan cycle within the instititution. Rafaela will use the loan to buy wholesale comforters to stock her business and increase her working capital. Rafael faces challenges such as competition, and she will use the business profits to improve her lifestyle. She is a hard worker and proud of her work, and grateful for the support she receives from the institution.

In this group: Rafaela, Julieta, Reyna Vivian, Eulalia, Oscar, Cirila, Anahi Patricia, Guadalupe

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Translated from Spanish by Kiva volunteer Sherry Bess



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