A loan of $5,075 helped a member to buy flour, yeast and butter to make bread for her bakery buying at wholesale prices.


6 De Agosto Group's story

The communal bank 6 de Agosto is made up of eleven members, nine women and two men.

The president of the bank is Mariela. She is 33 years old. She has two children who are 5 and 14 years old. She works making and selling bread. She has been a baker for 8 years. Her bakery is in the town of Rio Seco.

This is her second loan cycle with the institution. She used the previous loan for her business. Mariela will use this loan to buy supplies such as flour, yeast and butter to make bread. Her reason for asking for this loan is to buy wholesale supplies as it is cheaper to buy in quantity.

Mariela faces challenges in her business such as to have more customers in order to generate more income, and she is going to use the loan proceeds to give a better quality of life to her family. Mariela is happy and grateful to the institution for the support provided to her and all the group members as they are people that work hard to bring up their families.

In this group: Bella, Mariela, Juan Carlos, Celidonia, Marioly, Faviola, Erminia, Carmen, Willan, Alina, Matilde

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Translated from Spanish by Kiva volunteer Gail LeGrand



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