A loan of $3,975 helped a member to buy tables, chairs, etc. for her restaurant business.


Paz Y Progreso - 26 Group's story

The PAZ Y PROGRESO community bank has eight members: seven women and one man. Sra. Rosmery, 45, is the president of the group. She is married and has 3 children who are 16-, 25- and 22-years old, respectively. Sra. Rosmery operates a food stand in the Tacagua neighborhood. This loan will be her first. She will use it to buy tables, chairs and the other things that she needs to operate a restaurant business. She is appyling for a loan because she wouldn't have enough money to buy what she needs for the business without one. Sra. Rosmery faces various challenges that include competition from other similar businesses. She plans to use her future profits to add other things she needs--kitchen supplies, appliances, etc.--so that she can continue improving and growing the restaurant. Sra. Rosmery is a hard-working person. She says that she is grateful to you not only for herself but also for other members of her community bank, many of whose businesses are the sole source of income for their families.

In this group: Karla Lourdes, Rosmery, Gregoria , Jenny Joshida, Dominga, Narda Fanny, Edwin Emilio, Hilaria Carmen

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Translated from Spanish by Kiva volunteer Jere Wiseman



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