A loan of $3,900 helped a member to buy a mulit-purpose printer and supplies for an Internet cafe.


Renacer Group's story

María Guadalupe, 20, is single and lives with her parents. She belongs to the Renacer communal bank, and this is its first loan cycle. She says that it is hard to find a responsible communal bank, so she decided to work with Vision Fund. She had been told that the credit institution was committed to its borrowers and that her group made its payments. A year ago, María Guadalupe set up an Internet cafe in her house since she was no longer in school. She started a business to earn income to help her parents with her siblings' expenses. She chose this business because she is familiar with computers and has taken information technology courses. She began by doing work that students sent to her. She bought one computer, then another, and soon had three to rent and one to use herself. She is applying to Vision Fund for a loan to buy a multi-purpose printer that can scan and make color copies, since she already has a black-and-white printer. Having this printer will add business. She also wants to buy cartridges for her other printer, CDs to burn, white paper, pencils, and so forth. She dreams of having more computers because at times her customers get tired of waiting for one and she loses the business. She believes that the investment will turn out well because she wants to work hard and get ahead. The other eight members are Rosalba, Francisca, Rosario, María Elisa, María de Lourdes, Juan José, Elizabeth, and José Luis. They will purchase items and supplies for their businesses: a school cooperative; sales of sweets and candies; auto spare parts store; costume jewelry sales; small appliance repair; homemade corn tortillas sales; and an ironworks shop.

In this group: Rosalba, Francisca, Rosario, María Elisa, María Del Lourdes, Juan José, Elizabeth, María Guadalupe, José Luis
*not pictured

Translated from Spanish by Kiva volunteer


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