A loan of $2,550 helped a member to buy merchandise, clothes and accessories.

Grupo Coral Group's story

“Las Chicas del Grupo Coral” is a Credituyo solidarity group in its third cycle. The group is called that because most of the members like corals. This group is located in the east of the city of Monterrey and it has six members.

Nancy is one of the group members. She’s 40 years old and a single mother of three children who are 17, 8 and 2 years old. Her 17 year old son works and studies to help with family expenses. Nancy used to work as an employee in a cosmetics firm but a year ago decided to start her own business aiming at earning better income. Now, Nancy owns a small business where she sells clothes and women’s accessories in the various street markets in her neighborhood.

With her loan Nancy wants to buy more clothes and accessories in order to have more variety in her stand. Her long-term goal is to open a boutique in a shopping center. She also hopes to buy a car to help her transport her merchandise and to take her children to school.

In this group: Nancy Maribel, Patricia, Erika Jazmin, Gabriela Lilian*, Maria Del Roble, Maria Esther
*not pictured

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Translated from Spanish by Kiva volunteer Polliz

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Loan details