A loan of $3,475 helped a member to buy hardware store supplies.

Las Claveles Group's story

The communal bank Las Claveles consists of eight members: five women and three men. Juliet, the president, is 56. She has a 35-year old son who is independent. Juliet has a hardware store where she sells items like faucets for water pipe installations and tools.

This is her first loan cycle with the institution. Juliet will use this loan to buy hardware store supplies wholesale so she can stock her business and thus provide variety of products to her customers. She is requesting this loan so she can keep improving her business. Juliet will use the benefits to continue purchasing products and bettering her income. She wants to have a well-stocked hardware store. Juliet is a very hardworking person; she is glad for the opportunity given to her and her fellow group members since in many cases, they are people who support their families on their own.

In this group: Julieta, Elena, Victoria, Marco Antonio, Arancelia, Jose Luis, Sofia, Mario

Translated from Spanish by Kiva volunteer LeeJay Victor

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