A loan of $3,150 helped a member to buy milk for resale.


El Progreso Group's story

The communal bank El Progresso was formed when several of the neighbors of the city of Santaní joined together. They are in their third loan cycle. They work as a group to help each other and each one of them takes their portion of the loan according to their need and their ability to repay.

Lucina is one of the members. She is married and has 5 children. She sells milk and cheese that she makes herself. This is how she and her husband work to support their children, since they want for them to have everything that they didn’t.

She is requesting this loan to buy milk so that she can increase her product stock so that she can fulfill the requests from her customers.

In this group: Marta, Eliodora, Modesta, Lucina, Balbina, Cristina, Elena, Geraldina, Eduarda, Jorgelina, Emiliana, Cepriana*, María*
*not pictured

Translated from Spanish by Kiva volunteer Jennifer Day



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Loan details