A loan of $2,450 helped a member to buy cosmetics which are found to be on sale in catalogs.

71-Santa Rita Group's story

The entrepreneurial banking group "71 Santa Rita" is made up of eight members, seven women and one man, and the president of the banking group is Silvia. She lives in the locale of Limoncito, and she is 24 years old and has three children who are 3, 5, and 8 years old. Silvia is a saleswoman of cosmetics, which she sells on foot in various zones and also in the markets offering as variety of beauty products by catalog as well. This loan will be her third loan cycle with this institution.

Silvia will use this loan to buy cosmetics that she finds on sale in catalogs, for which she already has requests. Her reason for wanting this loan is to continue to improve her business. Silvia will use the benefits of the loan to continue buying cosmetics at wholesale prices to improves her margins. Her wish for her business is to have a large shop where she would be able to offer the whole range of her products at once and thereby give better service to her customers. Silvia is a very hardworking woman and feels happy about the opportunity she has been given as well as the other women in her group, some of whom are single mothers.

In this group: Fanny, Carmen, Juana, Graciela, Delicia, Silvia Patricia, Fatima, Fernando

Translator profile picture

Translated from Spanish by Kiva volunteer Elizabeth Mount

Loan details

Lenders and lending teams

Loan details