A loan of $2,150 helped a member to buy ingredients and supplies.


Magnolia Group's story

This group consists of five successful micro entrepreneurs. One of them is María Elena who is 64-years-old. She’s single and has had 17 loan cycles in the institution. She started out with very small amounts and her credit history has led to the current amounts. She’s been in the institution for two consecutive years. Her business is selling food at her community’s baseball fields and at home. She’s been in this business for 25 years. She will invest the loan in the purchase of raw materials like manioc, pork, chicken, beef, cabbage, tomatoes, onions, vinegar, salt, rice, beans, sugar, oil, etc.

Mercedes is 66-years-old and sells fruit and vegetables, Marina’s 70-years-old and sells fried fast-food, Damarys, 41, sells clothes and cosmetics and Ildefonso, 22, sells clothes.

In this group: María Elena , Mercedes De Los Ángeles, Marina Isabel , Ildefonso Joaquin, Damarys De La Concepcion

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Translated from Spanish by Kiva volunteer Polliz



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