A loan of $4,975 helped a member to buy fabric for making petticoats.

Azucenas Group's story

The bank of entrepreneurship in Azucenas is made up of eight members: seven women and one man. The president of the bank is Señora María; she is 42-years-old and married with five children who are of the ages 18, 14, 9, 7, and 2. She makes a living by making petticoats, which are like skirts of thin fabric that women wear beneath their skirts. She makes them in her shop which is located in the area of Circunvalación.

This loan is her fourth cycle with the institution. Señora María is going to use this loan to buy wholesale fabric. Her reason for asking for the loan is she lacks the cash. Señora María faces challenges in her business, and one is the purchase of various machinery to make her garments. She is going to use the profits to continue buying machinery and materials for her business, and thus be able to generate more income.

Señora María is a very hard-working person who alone gets her family ahead in life; this is the only work she is able to support it with. She is happy for the opportunity offered to her by her group partners since in many cases they support their families alone, like she does.

In this group: Emilia, Maria, Juana Maritza, Froilan Ramiro, Ana Dina, Virginia, Flora, Teodora

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Translated from Spanish by Kiva volunteer Stephanie Sawyer

Loan details

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Loan details