A loan of $4,975 helped a member to buy a freezer.

Los Picaflores De Los Chacos Group's story

The Picaflores De Los Chacos communal bank is comprised of 11 members, 10 women and 1 man. Carmen, age 29, is the president of the bank. She is not married, but she lives with her life partner and their two children, ages 8, 4, and one on the way (she is 7 months pregnant).

Carmen sells meat. She has a sales stand at one of the markets in the city of Santa Cruz. She lives in the 23 de Diciembre area.
This is her second loan cycle in the institution. Carmen will use this loan to buy a freezer. This will allow her to keep the meat she sells in a good state.

Carmen does face challenges in her business. The price of meat increases, and this makes meat scarce. Carmen will use the profits to buy more meat. This way she will be able to increase her sales, which will increase her income. In time she wishes to have an equipped butcher shop.

Carmen is a very hard-working person, and she is grateful to the institution for the support given to her and her companions in the communal bank. Some of the bank members get their families ahead by themselves.

In this group: Marlene, Patricia, Alejandra, Carmen Delmira, Cela , Aglae, Alejandra Paola, Juan Pablo, Jimena, Erika Norka, Natividad

Translated from Spanish by Kiva volunteer Ginny Kalish

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Loan details