A loan of $4,650 helped a member to buy seasonal clothing wholesale.

Santa Terecita-32 Group's story

Santa Terecita-32 Communal Bank is made up of eleven members, eight women and three men. The president of the bank is Erika, 21. She makes a living selling clothing in her stall in a busy fair in the city of Cochabamba.

This loan is Erika's first sequence with the institution. She going to use it to buy clothing wholesale for her business. She's requesting this loan because she needs the capital.

The challenge Erika faces in her business is the daily competition. She's going to use the profits to continue improving her sales stall. Her goal for her business is to have merchandise stocked so she can offer her customers a variety of products.

Erika's happy and she's grateful to the institution for the support it gives her and all her fellow group members, because they're people who work hard to get their families ahead.

In this group: Virginia, Miguelina, Reynaldo Jesus, Araceli Fabiola, Erika Milenka, Reynerio Nicanor, Marcelina, Vidangos , Veronica, Deicy, Kendrin

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Translated from Spanish by Kiva volunteer Catharine Wall

Loan details

Lenders and lending teams

Loan details