A loan of $4,575 helped a member to buy clothes at wholesale.

Siempre Amigas Alegres - 26 Group's story

The “Siempre Amigas Alegres-26” (Always Cheerful Girlfriends-26) communal bank has nine members, 8 women and one man. Basilia is the bank president and in the photo is the only person wearing glasses. Basilia’s 28-years-old and has three children.

She works selling seasonal clothing. She sells from place to place visiting various markets and street fairs. This loan is her first sequence in the institution and Basilia will use it to buy clothes like sweaters and jackets at wholesale to stock her business since the cold season is approaching and she sells much then and also has pending orders. Her reason for requesting the loan is lack of capital.

The business challenge Basilia faces is daily competition. She will use profits to buy a sales stand. Her wish for her business is to have assorted merchandise to offer wider variety of products to her customers. Basilia feels happy and grateful to the institution for the support provided because it allows her to improve her business and improve her income.

In this group: Celia Justina, Basilia, Ayda, Gabriela, Candy Belen, Nelly Ximena, Zulma Eugenia, Gary Fernando, Rosmery

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Translated from Spanish by Kiva volunteer Polliz

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