A loan of $3,925 helped a member to buy wood and other furniture-making supplies.

33-Villa Olmos Group's story

The “33-Villa Olmos” communal bank has 8 members, five women and three men. The bank president is Marcelino, 52, who’s married and has three children whose ages are 23, 18 and 17; they are all attending university. He’s a carpenter and does all sorts of jobs with wood from spoons and ladles to napkin holders even furniture. He learned this activity from his father who was also a carpenter.

Marcelino will use this loan to buy wood at wholesale and other furniture-making supplies. His reason for requesting this loan is the lack of capital to buy this work material. This is the only activity he has that makes it possible for him to support himself and support his family which is why he feels happy and grateful to the institution for the support provided.

In this group: Maximo, Felicidad, Ruth Mery, Manuel Jorge, Maria Elena, Marcelino, Victoria , Sofia

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Translated from Spanish by Kiva volunteer Polliz

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