A loan of $7,225 helped a member to invest in groceries, such as eggs, detergent, milk, soft drinks, etc.

Los Olivos Group's story

Georgina is a hardworking woman who is 35 years old and happily married. She lives with Sr. José Luis who works as a blacksmith and has two children, Jorge Luis, who is 10 years old and is in 5th grade in primary school and a 7 year-old girl, who is in the first grade.

Georgina is a saleswoman who has a grocery store and, thanks to her work, she has moved ahead. She will invest the loan in more merchandise for her little store such as eggs, detergent, milk, soft drinks, etc. since she needs them because her customers request more and these are products that she lacks. As well, she wants to expand her business into a larger space. She cannot complain of her sales because, fortunately, they are doing well. Her store is located in a good spot but in order to earn more income and make more of a profit she needs to stock more merchandise.

Georgina is one of the members of Los Olivos Communal Bank, which consists of nine women and two men, all of them very hardworking. They comprise 11 members, each dedicated to his or her own business. The members are: Rosa, Estela, Ricardo, Maria del Carmen, Georgina, Beatriz, Rosa Isela, Ignacio, Maria del Pilar, Gaudencia and Enedina. They sell groceries, tools and vehicle repairs, bread, empañadas, food, perfume, chickens, soft drinks and stationery.

In this group: Rosa, Estela, Ricardo, María Del Carmen, Georgina, Beatriz , Rosa Isela, Ignacio, Maria Del Pilar, Gaudencia, Enedina

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Translated from Spanish by Kiva volunteer Diane Chaney

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