A loan of $5,450 helped a member to buy parts and supplies for a mechanic, including motor oil, brake discs, and brake fluid.

Bosque Del Pulpito Group's story

The majority of members of the Bosque del Pupito Communal Bank have small commercial establishments that serve food. Ricardo, however, is a mechanic and operates a mechanical repair shop from his home. He began to work as a mechanic around 18 years ago, employed by a company. About 9 years ago, he started his own business, one that he likes very much, because he is his own boss and can pass the time with his family. Ricardo is married and has 2 minor children, ages 9 and 10.

Ricardo will use his loan to purchase items an auto mechanic needs, such as motor oil, brake discs, and brake fluid. He also buys merchandise in the city and sells it in rural areas. In the future, Ricardo would like to have his own mechanical repair shop.

In this photo of the communal bank's members, Ricardo is in the back row, on the right end wearing a stripped tee shirt.

What Ricardo likes best about working with Fondo Esperanza [The Hope Fund] is the business advice it offers. It has helped with the guidance, improvement, and organization of his business.

In this group: Claudio Ernesto, Hector Eladio, Rosa Daniela, Jemima Cecia, Carlos Fernando, Idalba Irene, Luis Ruben, Bernarda Del Carmen, Aurelio Jose, Santiago Humberto, Maria Alba, Manuela Iris, Maria Isabel, Rodrigo Alfonso, Ricardo Andres, Fabiola Verónica, Maria Nancy

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Translated from Spanish by Kiva volunteer Harold Dana Sims, PhD

Loan details

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Loan details