A loan of $2,875 helped a member to buy corn seed wholesale.


Santa Maria Group's story

The entrepreneurial bank of Santa Maria is composed of eight members; six women and two men. The bank president is Mrs. Juana who is 53 years old and married with one 17 year old child. She sells food and “patasca” a nickname for corn nuts. She sells at a stall location in the town of Santa Maria. This loan will be her first with this bank. Mrs. Juana will use the loan to purchase of bulk corn seed to sell for planting and resale by which she can increase her cash flow. She is requesting this loan as she has no working cash to purchase the corn seed before the price goes up, so that she can stock inventory. The challenges Mrs. Juana faces in her business are getting more customers so she can provide a higher quality of life to her family. Mrs. Juana is a very hardworking person and feels happy to have this opportunity provided to her and to her fellow group members. In some cases, the group members are the only ones to provide earnings to support their families.

In this group: Joselin, Juana, Elva, Edil Noel, Roberto, Kleidy , Margarita, Diana Lorena
*not pictured

Translated from Spanish by Kiva volunteer Andrea Kellogg



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