A loan of $4,975 helped a member to buy creams, makeup, nail polish for manicures and pedicures, shampoo, dyes, bleaches, and liquid products used on the hair.

Poetas Group's story

Beatriz, 29, has an 11-year old daughter in primary school. Beatriz is a member of Poetas (Poets) group and says that they chose the name because of the place they hold their weekly meetings. She comments that she likes to work as part of a team with the people in Poetas because all are hard-working and responsible and come on time when needed. They also get together and support other members if he/she is unable to collect the money for the payments.

Beatriz has a beauty shop but only about a week ago she changed to another location since the rent was very high and she didn’t have enough money left to purchase the necessary supplies for her services. She says that she is requesting a loan from Vision Fund (FRAC) to buy assorted dyes, hair clippers, acetone, material for acrylic nails, liquids for making bases and items such as different size curlers. Beatriz normally purchases her products in various stores in Mexico City where she pays less and thus earns more. She is very content because thanks to the loan she will have materials to do her designs for people, haircuts, coloring, highlights, ribbons, permanents, bases, hairdos for special occasions, manicures, pedicures, etc.

The other twelve members are: Guadalupe, Rodrigo, Irma, Ricarda, Teresa, Eduardo, Elizabeth, Maria Alejandra, Pablo, Janet, Ana Gabriela and María Guadalupe . They use their money in different businesses such as inventory of different brands and styles of shoes, beauty products, replacement parts, purchase and sale of sweets and seeds, purchase and sale of seasonal fruit and vegetables, purchase and sale of men’s and women’s clothing and shoes, purchase and sale of chicken by the kilo, purchase and sale of women’s clothing, and purchase and sale of frozen food.

In this group: Guadalupe, Irma, Teresa, Eduardo, Beatriz, Rodrigo, Elizabeth, Maria Alejandra, Pablo, Janet, Ana Gabriela, María Guadalupe, Ricarda

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Translated from Spanish by Kiva volunteer Miriam Palacio

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