A loan of $5,700 helped a member to buy seasonal fruit at wholesale.

Mantillitas Group's story

The “Mantillitas” communal bank has 8 members, six women and two men. The bank president is Flora. She’s 37 years old and a single mother of four children who are 12, 8, 4 and 1 year old. She sells fruit in quantity in her fruit stand located in the 25 de Julio zone. This loan is her first sequence within the institution.

Flora will use the loan to buy seasonal fruit like watermelon, mandarins and oranges at wholesale to stock her stand. Her reason for requesting the loan is lack of capital. The business challenge Flora faces is to improve her stand, to expand it, in order to have more products to offer her customers. She will use profits to increase her working capital.

In this group: Martha, Flora Viviana, Rosenda, Jose Luis, Maria Salome, Vladimir Kevin, Porfirio, Juana

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Translated from Spanish by Kiva volunteer Polliz

Loan details

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Loan details