A loan of $4,000 helped a member to buy clothing to sell.


Virgen Del Carmen Group's story

The communal bank "Virgen del Carmen" is in its fifth loan cycle through the women's program. All of the members work and help each other get ahead. On the last poverty survey, two of the members showed they are below the poverty line. One of the members is Maria who was at level one on the poverty survey. Maria says she works selling clothing and has been able to get ahead through her business. She works hard every day because she wants her family to have things she was unable to have. Maria is requesting a loan to buy all kinds of clothing because she wants to continue investing in her business. This is the only way she has of prospering and helping her family.

In this group: Magdona, Liz, Maria, Miya, Elena, Sonia, Ismelda, Maria, Elizabeth, Adelaida, Carmen, Lida, Gabriela, Ester, Noelia, Ramona*, Maribel*
*not pictured

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Translated from Spanish by Kiva volunteer Sherry Bess



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