A loan of $1,625 helped a member to buy wool.

8 De Febrero Group's story

The “8 DE FEBRERO” communal bank will enter its second loan cycle with Pro Mujer, as part of the Panamericana Regional Hub. It is made up of seven members and is led by a director's board where Ricarda is the President. The businesses which the members of the communal bank run are varied, among which: knitting of sweaters, sale of fruit, knitting of blankets, and an ironworks shop.

The loan which they will obtain will benefit small micro entrepreneurs where Ricarda is a member. She mentions that she has been part of Pro Mujer for one year, having entered at the invitation of an institution promoter who came to visit her at her home. Ricarda currently has a business knitting sweaters which she has been working in for many years. She set it up thanks to the skills she had, and improved it with the aim of establishing her own workshop.

The loan which she will now obtain is to increase capital (to buy wool) which Ricarda will procure from wholesalers; she will then sell the manufactured goods in her sales area. This manner of working enables her to generate resources to support her family as far as possible, as she lives in a common law marriage and has two children.

When asked what it is she likes about Pro Mujer, Ricarda answers that she likes the consultancy aspect.

In this group: Ricarda , Francisca , Porfiria, Julia , Gladys Gertrudiz, Natividad, Victoria

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Translated from Spanish by Kiva volunteer Severine

Loan details

Lenders and lending teams

Loan details