A loan of $4,100 helped a member to buy soft drinks, milk, soap, and canned goods, etc.


Las Flores Group's story

The Las Flores communal bank is comprised of eight members, three men and five women. The group belongs to a community called Cabecera, which is very close to the municipality. It is a small community where the people are very hard-working and responsible. The members of the group have joined recently, and they do not know why that name was chosen in the beginning. There are currently no founding members in the group.

Yolanda, age 42, represents the group. She is married to Quirino, and he works as a mechanic. Together they have made a family with three children, and the children go to school. Yolanda has had a grocery store for eight years. She tells us that she did not have anything to do, and so she wanted to start her business. The business is called El Patrón.

This time she has requested a loan to buy soft drinks, milk, soap, and canned goods, etc. She tells us that she does have difficulty, the nearby competition. However, this does not discourage her. She has had her store for a long time, and this makes her put her heart into it even more.

She also tells us the loan helps her a lot in order to invest in her grocery business. Yolanda’s goal is to continue growing in her business and to improve her quality of life and that of her family. The income she gets from the store is for household expenses and her children’s education, among other things.

Yolanda and the rest of the group will be able to invest in their businesses. Cirilo will invest in sheep, Felipa in selling clothes, Natalia in raising and selling chickens, Abelardo in his dyes for a salon, Guadalupe in pharmacy products, José Luis in baby clothes, and Ofelia in her grocery store.

All of them will be able to invest in their business, and they are very grateful to Vision fund (FRAC) and Kiva for the support they provided.

In this group: Cirilo , Yolanda , María Felipa , Natalia, Abelardo, María Guadalupe , José Luis , Maria Ofelia

Translated from Spanish by Kiva volunteer Ginny Kalish


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