A loan of $3,825 helped a member to buy basic staples such as rice, beans, oil, sugar, sodas, cigarettes, cheese, cream, milk, beef, chicken, eggs, toilet tissue, etc.


Mi Banquito Group's story

This group is comprised of six enterprising, successful micro-entrepreneurs, one of which is María Luis. She is 43, married and has three minor children. For ten years she has been running a grocery store out of her home and before that she sold Avon products. She has been a member of the lending institution for four years, which means she has a good credit record. She used the previous loan to diversify her grocery products, adding cheese, eggs, and cosmetic products on display. This loan will be used to buy basic staples such as rice, beans, sugar, oil, sodas, cigarettes, cheese, cream, milk, chicken, beef, eggs, toilet tissue, etc.

Vilma is 36 and sells ice wholesale. Aracely, 40, sells pork cracklings. María is 58 and sells Avon cosmetics. Engracia, 62, sells Avon cosmetics and Rosa, 36, has a grocery store at home.

In this group: Maria Luisa, Maria Auxiliadora, Rosa Emilia, Engracia De La Concepcion, Vilma Esther, Aracely Enriqueta

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Translated from Spanish by Kiva volunteer Sherry Bess



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