A loan of $1,775 helped a member to buy cosmetics.

Sirenas Group's story

The A.C. “SIRENAS” communal bank will start the first loan cycle with Pro Mujer, as part of the Centro Focal de Panamericana. It is made up of seven members and is managed by a board of directors where Lupe is the President. The businesses that the members of the communal bank perform are varied, including: selling hats, fruits, food, vegetables, clothes, cosmetics and weaving blankets.

The loan that they will obtain will benefit the micro-entrepreneurs among which Lupe is a member. She says that this is the first time that she is a member of Pro Mujer, entering at the invitation of a friend who is a partner of the institution. She currently has a business selling cosmetics, it is worth knowing that she undertook this business on the recommendation of a friend, and has been working in it for fifteen months.

The loan that she will take out now is for a capital increase (to buy cosmetics) which she will buy from distribution companies and she will then sell in her sales area. This manner of working will enable her to generate the resources to continue her studies as she is single.

When asked what she likes about Pro Mujer, she answers that she likes the area of health.

In this group: Lupe Blanca, Cristina, Juana , Nancy, Yola, Emiliana, Teresa
*not pictured

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Translated from Spanish by Kiva volunteer Severine

Loan details

Lenders and lending teams

Loan details