A loan of $1,000 helped a member purchase sweets, fried foods and refreshments.

Francisco Serrato Group's story

Ms. Sofia is originally from of a native american community of the Mazahua. She says that she was a part of another entrepreneurial group, but unfortunately one of the members was unreliable, so she formed her own group to be able to ask for a credit and invest it in her small business. She says that for 3 years she has run a business from her home selling sweets, refreshments and fried foods. And because her house has a reputation because there are many children who live in her area and she can earn a little bit of money from what she sells. She says she started her business because her husband is a big man and she needs to be able to feed him more and also because she lives with her granddaughter who is in high school and Ms Sofia helps her pay for her school expenses. This is why she is asking for a credit, because she needs to stock her business with sweets and fried foods so she can earn more money and be able to help her granddaughter finish school. The other three members of the group are named Hortencia, Alicia and Martha and they will invest their credit in purchasing sweets, refreshments, fried food and to purchase grocery items for their grocery store.

In this group: Sofia, Hortencia, Alicia, Martha

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Translated from Spanish by Kiva volunteer Kristin Connor

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