A loan of $5,900 helped a member to buy perfumes, creams, cosmetics and clothing.

Lomas De San Pedro (Montecristi) Group's story

The Las Lomas de San Pedro cooperative bank meets every fifteen days in Las Palmas, in the canton of Montecristi. The area is known for its rich pre-colonial culture and its handicrafts, particularly the famous straw Panama hats, are renown both nationally and internationally.

The group is comprised of 12 women and 2 men who, some time ago, decided to join together to form this cooperative bank. This has served them very well, since they have been able to grow their small businesses. They dedicate themselves to different endeavors such as commerce, services, and food sales, among other activities. One of the members of this group is Lorena who is 36, married, and has 3 children ages 17, 15 and 8 from this relationship. The children all attend school and her husband dedicates himself to farming.

She is a homemaker who, in order to generate her own income to help her husband with the household expenses since his work is not stable, dedicates herself to selling clothing by catalog and Esika products (a line of cosmetics, perfumes, and women’s accessories). She works three days per week for two to three hours, delivering the products on credit and collecting every eight days. She has been in this business for 4 years and things are going very well.

This loan is for the purchase of perfumes, creams, cosmetics and clothing. She’s been in the cooperative bank since it started, and she likes the help it provides for her and her associates. Her dreams are to provide the best for her children, and to see them become professionals and get ahead.

In this group: Sonia Leonor, Edita Katerine, Deisy Lizbeth*, Fanny Amparo, Deysi Esperanza, José Esnesto, Holandina Fagni, Juana Carmen, Lorena Lourdes, Eduardo Efren, Adriana Mariela, Genny Elizabeth, Yselda Orfelina, Alrexandra Elizabeth
*not pictured

Translated from Spanish by Kiva volunteer

Loan details

Lenders and lending teams

Loan details