A loan of $2,400 helped a member to buy groceries in bulk.


Flor De Kantutas 32 Group's story

The "Flor de Kantutas 32" communal bank has eight members - seven women and one man. The bank's president is 35-year-old Cristina, who makes a living selling staple goods at her grocery store in Ballivian, in the city of Cochabamba. This is Cristina's first loan cycle with the institution and she will use this loan to buy merchandise to stock up her business, buying groceries in bulk, as well as sweets and drinks. Cristina is applying for this loan because she has a lot of demand so she can increase her sales. However, she needs to stock up on merchandise. Cristina faces challenges with her business, such as competition as there are various shops in the area. She will use her profits to stock up her store and to continue growing every day. Cristina's wish is for her business is to continue selling and having the shop well-stocked. She can then expand her business, improve her income and, consequently, raise her and her family's quality of life.

In this group: Cristina, Lysbeth, David Richard, Sandra, Giovana, Gladis, Sayda, Evangelina

Translated from Spanish by Kiva volunteer Iain Gaw



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