A loan of $2,000 helped a member to buy merchandise.

Banco Mujer Mujeres De Negocio Group's story

Lucy is 34 years old and single. She makes a living selling clothes, perfume and footwear that she buys from different distributors in the area. Lucy works alone buying and selling these articles as it allows her to earn an income for the household. Every month Lucy invests enough in buying the merchandise that her customers have ordered. If Lucy has known a customer for some time, she will give them one month to pay for the shoes; if the customer is new, however, she asks for some money up-front and then gives them two weeks to pay. Lucy is applying for this loan to invest in more merchandise as her number of customers has increased, and they need items that Lucy cannot currently buy. Customers choose Lucy because she has low prices and she gives them a month to pay. This is Lucy's second loan; she paid her first loan back on time. Lucy chose "Fundación Mujer" because of the good service, the low interest rate and because the organisation operates in Lucy's local area. Lucy would like to continue with this work because it allows her to earn an income for the household and there are very few jobs in the area. These last two years have gone very well for Lucy and she wants to continue progressing in her work and to gain more experience and improve as much as she can.

In this group: Lucy, Yamileth, Floribeth, Zoila Rosa

Translated from Spanish by Kiva volunteer Iain Gaw

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