A loan of $3,250 helped a member to buy a shoe polisher.


Las Americas Group's story

The “Banco de Emprendimiento Las Américas” communal bank is made up of nine members, eight woman and one gentleman. Maria is the bank’s president and appears first on the right in the photograph wearing blue pants, a reddish blouse, and a cream-colored jacket. She is 21 years old, single, with one six month old son. She makes shoes in her workshop, located in the Las Americas zone. This will be her first loan through the institution and she plans to use the money to buy a shoe polishing machine. She is requesting this loan because she lacks capital and has other challenges, such as having to buy other tools to make a variety of shoe types. She wants to use these benefits to buy tools and supplies for her business and generate more income. Maria is a hardworking women and moves her family forward on her own. This is her only business and she is happy about the opportunity presented to her and the other members of her group, as some of them are also the sole support for their families.

In this group: Maria Esther, Sandy Fabiola, Guadalupe, Paulina, Isavok, Flavio Manber, Sandra, Susana Jimena, Yamile

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Translated from Spanish by Kiva volunteer Hugo Reyes



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