A loan of $3,625 helped a member to purchase cookies.


Julio C. Tello Al Progreso Group's story

The communal bank “Julio C. Tello al Progreso”, is made up of 10 women entrepreneurs that in the course of time have demonstrated responsibility. This time, you will meet our member Magnate, 25 years old, with one child still a dependent. With the desire to have her own business and seeing that her partner’s income was not enough to cover home expenses, Magnate decided to undertake her own business, which for almost one year has sold candies. Also, thanks to a sewing service she is making extra income for her home. Subsequently, she is thinking about installing another kiosk in a central location. She will use her last loan to buying sweets like cookies, candies, chocolates, and drinks, and therefore stock her kiosk. Magnate is seated first on the right. She has a black jacket and we see her with her child.

In this group: Damiana Eleuteria, Edich Raquel, Florinda, Carmen Maritza, Anabel Judith , Floriana Rachela , Juliana Anali , Victoria , Jeraldine Milagros , Magnate Benedicta
*not pictured

Translated from Spanish by Kiva volunteer Sarah Tyler



Loan details


Lenders and lending teams



Loan details