A loan of $3,850 helped a member to buy hardware.

Los Nardos Group's story

Bertha, 42, is a member of the group called “Los Nardos” and although they’ve only been in a group to request loans for a short period of time she says they all get along well and help each other out if someone doesn’t quite have enough to cover the entire loan payment.

For more than 20 years, she and her husband have had a hardware stand where they sell picks, hammers, screwdrivers in various sizes, drills, silicon tubes, nails, screws, saws, paint brushes, etc. She says that she has the stand outside the wholesale food market and that they were given it with much effort and sacrifice because many people compete for this type of stand because being near the central bus station sales are very good. She says that because they had no jobs, she and her husband set up their business.

At first they sold paint for shoes, shoe polish and shoe laces and then the people themselves suggested they start to stock things like screwdrivers, screws and many other things so she says she saved up a little money and went to Mexico City to stock up because all sorts of hardware and things sold in hardware stores are sold there; she decided to make her business grow and says that she’s now asking Vision Fund for a loan to improve her stand. She wants to make it grow by buying some packages of hardware she saw and she wants to buy a tarpaulin because the one they have is deteriorated because of the weather. She says that the loans she’s asked the financial institution have improved her business and her family conditions and now her goal is to have a larger stand.

The other group members’ names are Alicia, Olivia, Leonel, Priscila, Rosa María, María Guadalupe and Juana and they will invest in their various businesses like stocking up on seasonal fruit and vegetables to sell, stocking up on underwear to sell, buying corn to make corn tortillas and buying stock merchandise for a grocery store.

In this group: Bertha, Alicia, Olivia, Leonel, Priscila, Rosa Ma, Ma Guadalupe, Juana

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Translated from Spanish by Kiva volunteer Polliz

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