A loan of $3,225 helped a member to stock their retail businesses.

Invierno Group's story

Gerardo, 46, is from a beautiful, magical place, a place known around the world for the butterflies that come to spend the winter here. Visitors, too, come from far and wide to admire the unparalleled spectacle of millions of monarch butterflies together in one place. Gerardo and his wife, Carmina, have 2 children, both in high school. He tells us that he has operated a bakery business, making a traditional bread, for 3 years. He is happy with the business and says that his customers like his bread and always come back for more. He says that he started the business after he was laid off from the company where he worked before and needed a way to support his family and pay for his children's schooling. His mother suggested that he start a bakery and agreed to show him how to make the traditional bread that is now the mainstay of the business. Gerardo is applying for a loan that he will use to buy supplies--flour, eggs, milk, butter, yeast, firewood, etc.--for making bread. He sells what he makes on the streets of the city and people come out of their houses to buy from him. He is grateful for the loan because it will allow him to buy the supplies that he needs. He says that his goal for the future is to buy a larger oven because the one he has is too small. The other members of the group--Teresa, Juana, Imelda, Rosa, Elizabether and Adela--will invest their share of the loan in their businesses which vary from clothing sales to grocery sales.

In this group: Teresa, Juana, Gerardo, Imelda, Rosa, Elizabeth, Adela

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Translated from Spanish by Kiva volunteer Jere Wiseman

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Loan details