A loan of $2,900 helped a member to buy cosmetics and jewelry wholesale.

La Colina Group's story

La Colina community bank has nine members: eight women and one man. The bank's president is Virginia. Virginia is 52 years old and is standing third from the left in the photo. She has been a widow for quite a long time. Virginia's business is selling cosmetics through catalogs. She sells her products as an itinerant street vendor, visiting homes and public and private offices in the city of Santa Cruz.

This loan is Virginia's first with the [microfinance] institution and she will use it to buy discounted cosmetics and jewelry wholesale. This will enable her to provide her customers with a good variety of products and she will be able to increase her profits. She is requesting this loan so that she can continue improving her business. Virginia will use the profits that she makes to continue buying a variety of beauty products. She is a very hard-working person who feels happy that she has been offered this opportunity as this is her only source of income.

In this group: Armando, Petrona, Carmen, Virginia, Nancy , Cleopatra, Martha, Cristina, Yolanda

Translated from Spanish by Kiva volunteer Linda Oxnard

Loan details

Lenders and lending teams

Loan details