A loan of $5,150 helped a member to buy dry corn.


4 De Marzo Group's story

The communal bank 4 De Marzo (4th of March) is made up of 8 members, all of whom are women. The president of the communal bank is Ruth; she is 43 years old, married, and has one child who is 14 years old.

She earns her living selling food and selling patasca mote de maíz cocido (a nutritious beef and lamb stew with corn). She sells these items in El Torno.

This loan is her first with the institution. Ruth will use this loan to buy dry corn in bulk so she can cook and sell it. This way she will increase her earnings at work.

She is requesting the loan because she does not have enough money from her job since the price of dry corn has increased in the past few years. She wants to stock up on it so she does not hold up her product.

Ruth faces challenges at her business like gaining more customers. She is also going to use the earnings to improve her children's lives.

In this group: Ana Maria, Guadalupe, Julia Rox Mery, Ruth Selvy , Mirian, Nataly, Ana Carola, Raquel
*not pictured

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Translated from Spanish by Kiva volunteer Clemens Mayer



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Loan details