A loan of $4,400 helped a member to buy clothes.


El Valerio Group's story

The El Valerio communal bank is comprised of six members. They are all very responsible women who devote all of their efforts towards their families being okay financially. They chose the name of the group, Valerio, for the place where they live. It is a large community, which is devoted to growing corn. The people in this place are sad because there was a recent frost that burned the corn crop. They believe they will not recover, and it is even worse if it does not rain.

María is a member of the group. She has been in a common-law marriage with Basilio for 15 years. He works in the field. Together they have formed a family of five children who are still dependent upon them. Four of the children go to school.

María buys and sells clothes. During the week she visits her neighbors to offer them a little clothing that she has. She also takes orders that she will bring from the capital on the week-ends. She is a very hard-working woman who wants her children’s quality of life to improve.

This time she has requested a loan to buy more wholesale clothes like sweaters, pants, jackets, skirts, and shirts, etc. This is to cover the pending orders that she has. The loan will help her stock up on more clothes, and she will have more income. When the loan comes she will take advantage of it to stock up, and this way she will not need to travel to Mexico City.

María would like to have a car for transportation to other communities in order to sell clothes. However, she would also love to rent a place to have a stable business and no longer have to walk. She knows that the rent is very expensive, and she tells us that she has to work a lot more to be able to have a place.

Her income helps her a lot because she can stock more clothes, she is able to buy clothes, shoes, food, and more than anything, pay the educational expenses. This is a big help when her husband does not have work. She helps him with the income from her clothing sales.

María and the rest of the group are very grateful for the support from Kiva and Vision Fund (FRAC). They can now invest in their business activities. Mariel will invest in clothes, María, in sheep; Concepción in feed for her calves; Celedonia also in calves; and Concepción in clothes and cosmetics.

They are all very happy because of the loan, and they are committed to remain in good standing with the institution and Kiva.

In this group: Concepción , María , Concepción , Celedonia , Mariela , María

Translated from Spanish by Kiva volunteer Ginny Kalish


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