A loan of $4,850 helped a member to buy clothing in bulk.

Bibosi Group's story

The communal bank "BIBOSI" is composed of 8 members - 6 women and 2 men. The President of this group, Dora, is 26 years old and works selling clothing. She does not have a fixed place from which she sells, but rather sells by visiting different neighborhoods and passing through fairs and markets, offering her merchandise as she goes. This loan is her first with the institution.

Dora plans to use her loan to buy this season's clothing in bulk, in order to stock her business. She will buy a lot of sweaters as the weather is starting to get cold. One of Dora's biggest challenges in her business is that she has to walk a lot in order to sell her merchandise, and she would like to use the profits from the goods she sells in order to invest in a fixed market stall. Her dream is to be able to continue selling her clients the variety of merchandise that they demand. Dora is very happy and grateful to this institution for the help it has provided her, and is also very grateful for the other members of her group, all of whom are working very hard to get their families ahead.

In this group: Mirtha, Dora, Zandra, Mariana, Telma, Bella, Marilid Suxan, Luis Alberto

Translated from Spanish by Kiva volunteer Kaitlyn Godfrey

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Loan details