A loan of $4,525 helped a member to purchase various merchandise for sale such as shoes, clothing, livestock and jewelry.

The Women´s Bank Of Dorcas Group's story

The name of this women’s bank, Dorcas, was chosen by the seven group members because it alludes to a woman in the Bible who did work in order to help other women like widows and older people; the help was usually in kind which is why this name alludes to communal bank methodology: women helping women.

The bank's leader is Ofelia, who works in retail selling crafts and clothing. This is her main source of income. Her children are grown and also help her with finances, although not enough to live on. This is why she runs her own business.

The loan will be used to buy catalogue merchandise, cosmetics, underwear, perfumery-all items that are well received in their markets because they offer credit to their customers, something that would be impossible if it weren’t for the loans offered by the Fundación. In addition, being able to count on having working capital on hand makes it possible for them to take advantage of special sales the suppliers of their products offer during various seasons in the year like Mother’s Day, national festivals, end-of-year festivals. These special promotional events are strictly cash only.

Among the group’s future plans is to be able to continue putting in their little grain of sand toward their families’ economy because they live in a part of the city with employment, sub employment and unemployment rates that are very unfavorable for women, because they have low academic levels and are of an age that many employers consider them no longer productive; thus the importance self-employment has for them.

In this group: Maria Ofelia, Ana L., Leyda, Yessenia, Stibalis, Carmen, Marilyn*
*not pictured

Translated from Spanish by Kiva volunteer

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