A loan of $3,700 helped a member to buy footwear at wholesale.

16 De Julio - 32 Group's story

The community bank "16 DE JULIO – 32" is comprised of 9 members, eight of whom are women.

The president of the bank is Nelly, who is 26 and has a 5-year-old son. She sells shoes through catalogs. She sells door-to-door, selling her products in public and private institutions and homes in various neighborhoods.

This is her first loan with this institution. She will use the funds to buy shoes that are currently on sale so that she can have inventory for her business. Since it is the end of the year, demand is increasing and she has many orders to fulfill. Her reason for seeking this loan is so that she can have a variety of products in order to meet her customers' needs. She faces challenges in her business, such has how to attend to her customers efficiently.

She will use her earnings to improve her family's quality of life. This business is her only source of income to support herself and her family.

In this group: Martina, Nelly Silvia, Rolando, Maria Elena, Rosa, Herminia, Cinthia Silvia, Margarita, Elena Rosario

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Translated from Spanish by Kiva volunteer Kevin Bohnert

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Loan details