A loan of $3,200 helped a member to purchase spare parts by wholesale.

Farolitos Group's story

The "Farolitos" communal bank is comprised of eight members, all of whom are women. The communal bank president is Carmen. She's 34 years old and has four school age children. Carmen has been selling accessories and spare parts for vehicles for quite some time. She owns an accessory store which is located in the Villa Adela area of the town of El Alto. This spot attracts a great number of drivers who wish to upkeep their vehicles. This is her first loan with the institution. Carmen will use this loan to purchase spare parts in order to stock her store, and that way she'll provide better service for her customers and increase her profits. Carmen will use her earnings to continue buying accessories and spare parts for vehicles. Carmen is a very hard-working person. She feels happy for the opportunity that she and her fellow group members have received, since in some cases they support their families all by themselves.

In this group: Mercedes Juana, Gabriela, Julia Justina, Maria Nelly, Virginia, Martha, Carmen, Jhoana

Translated from Spanish by Kiva volunteer Renata Wolff

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Loan details