A loan of $4,850 helped a member purchase groceries.


Pio Xii Group's story

The bank PIO XII is made up of eight members: seven women and one man. The president of the bank is Mrs. Martha, who is 68 years old, married and has three children who are grown and independent. She makes a living selling a variety of basic necessities like groceries and a variety of items she sells as a street vendor. She already has customers that put in requests and this is her second loan in a sequence with this institution. Mrs. Martha will use this loan to purchase a variety of groceries like rice, sugar and beans in bulk in order to stock her business and to be able to offer a wider variety of items to her customers. Her reason for asking for this loan is to continue improving her business. Mrs. Martha will use the loan to continue purchasing products and improving her earnings as she has a lot of demand in this season. Her hope is to have her own store and to be able to provide a better service to her clients. Mrs. Martha is happy for the opportunity given her since this is the only economic activity that allows her to continue to support herself. Mrs. Martha is happy and grateful that this institution has given her so much support as well as for the support given to her partners.

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In this group: Teodosia, Virginia , Adela Paulina, Elvira , Martha , Adalid Luis, Antonio Luis, Amalia Rufina

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Translated from Spanish by Kiva volunteer Kristin Connor



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