A loan of $1,025 helped a member to buy sugar.

Las Magníficas Group's story

The "Las Magnificas" communal bank is starting its first loan cycle with the organization Pro Mujer. They are working with one of the organization's regional offices in Collpani. The group is made up of six members and led by a board of directors headed by Veronica as President. The members of the bank run a variety of businesses, including among them: a candy stand, soft drink sales, detergent sales, a neighbourhood store, blanket embroidery, sales of small toys, sales of cosmetics, livestock sales, jewelry sales, and grocery sales.

The loan that they will take out will benefit small micro-businesses where Veronica is a member. She says that this is her first loan cycle with Pro Mujer. She joined the group at the invitation of a consultant from the institution, who came to visit her at her home. Currently, Veronica has a business selling milkshakes; she began this business on her own initiative years ago.

When asked what she liked about Pro Mujer, she replied that she liked the loans and the savings.

In this group: Veronica Ayde , Felipa, Francisca, Feliza, Raquel Vanessa, Adelaida

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Translated from Spanish by Kiva volunteer Aesclinn Donohue

Loan details

Lenders and lending teams

Loan details