A loan of $2,425 helped a member to buy rice, oil, etc.

Manuel Ascencio Padilla Ii Group's story

The communal bank "Manuel Asencio Padilla" will start the second cycle in Pro Mujer, as a part of the Centro Focal de los Andes [Andes' regional office]. It is composed of eight members and it is managed by a board where Mrs. Manuela is the president. The businesses that the members of the communal bank have are varied. Among them: sweater knitting, food sales, fruit sales, typical-skirts businesses, groceries stores, locksmith's shops.

The requested loan will benefit small entrepreneurs where Mrs. Manuela is a member. She mentions that she has been a member of Pro Mujer for ten years, invited by her friends, who were members of the institution. She has now a food business. She mentions that she undertook this business some years ago with little capital. As time passed, and with the loan's support she expanded it and it is currently generating a lot of profit.

The loan she is requesting is intended for increasing the capital (to buy rice, oil, etc.) which she will buy from wholesale stores and after preparing them, she will sell them in her establishment. This kind of job allows her to generate resources for supporting, as much as possible his family, since she is married and has six children.

When she is asked what she likes about Pro Mujer, she answers that she likes the training programs in health issues.

In this group: Manuela , Virginia, Petrona, Neolinda , Cynthia Patricia, Dionisia, Martina, Ximena
*not pictured

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Translated from Spanish by Kiva volunteer Santiago Mejía Dugand

Loan details

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Loan details