A loan of $4,925 helped a member to buy cosmetics and jewelry wholesale.


Los Amigos Group's story

The communal bank LOS AMIGOS is comprised of nine members: seven women and two men. The president of the group is Bertha, 31, who has two children, ages one and two years old. Bertha sells cosmetics by catalogue on a door-to-door basis to homes and public and private offices in the city of Santa Cruz. This loan is her first through the institution and Bertha will use it to buy discount cosmetics and jewelry wholesale. This way she will be able to provide her clientele with a variety of products so she can increase her income.

The reason she is requesting the loan is to improve her business. Bertha will use the profits to continue buying beauty products. She is a very hard-working person who is happy about this opportunity given to her and her group of entrepreneurs, because in some cases they maintain their families on their own.

In this group: Elda, Elvia, David Fernando, Sofia, Juan Diego, Bertha, Ana Maria, Petronila, Dalcy

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Translated from Spanish by Kiva volunteer Sherry Bess



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