A loan of $4,900 helped a member to buy wholesale cosmetics and jewelry that are on promotion.


7 De Marzo - 72 Group's story

The 7 de Marzo communal bank is comprised of 12 members, 8 women and 4 men. Mónica, age 24, is the president of the bank. She has a six year old son. In the photo Mónica is wearing a black blouse, is smiling, has her hair pulled back, and is in between Cristian and Ubaldo. Mónica sells cosmetics buy catalog. She sells her products in an itinerant manner. She visits, in order to offer her products, homes and public and private offices in the city of Santa Cruz. This is her first cycle with the institution. Mónica will use this loan to buy wholesale cosmetics and jewelry that are on promotion. This way she will give her customers a variety of products and increase her income. Her reason for requesting this loan is to continue improving in her business. Mónica will use the profits to continue buying a variety of beauty products. Mónica is a very hard-working person. She is happy about the opportunity given to her and her colleagues in the group because some of them support their families by themselves.

In this group: Emilia Romane, Monica, Luz Paola, Blanca Elena, Claudio Uvaldo, Marines, Fabiola, Luis Alfonzo, Richar, Cristian Edil, Maria Teresa, Milena
*not pictured

Translated from Spanish by Kiva volunteer Ginny Kalish



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