A loan of $5,150 helped a member to buy cosmetics.

Primero De Enero (Cuenca) Group's story

The Primero de Enero communal bank is comprised of seven women and one man. They work every day at different business activities. These business activities allow them to pay their household expenses and to get their children ahead. They live in the outskirts of the Valle parish in Cuenca. This place has beautiful scenery and green fields. Its people raise animals, work in agriculture, and work in commerce. Many of them work in the city carrying out different business activities. They still keep the flames of their culture and traditions alive.

Mónica is one of the members of this group. She has been part of the Primero de Enero communal bank for three and a half years. In all of this time she has managed to establish a better friendship with all of the members of this lovely group. They all have a special charisma, and they are always willing to help each other as much as they can.

Mónica, age 37, is married and she and her husband have two children, ages 18 and 5. Her first son goes to the university, and her second son attends a small city school. Her husband is a professional in making stucco (ceilings), and he has his own business. The house in which they live is the fruit of their joint work effort.

Mónica has been selling cosmetics for 16 years. She first started by selling only one brand. However, little by little, her business has been growing. She now sells various brands that are well-known in the country. In all of this time she has managed to get a fixed and select clientele. She is also a complete professional in the field of beauty, which she also exercises.

She will use the loan to by cosmetics on special in order to increase her merchandise. Her goal is to have more cosmetics to sell by showing them at her house.

In this group: Silvana Patricia, Mónica Eulalia, María Eulalia*, María Nube, María Alicia, Gladys Edit, Ana Lucia, Juan Javier

Translated from Spanish by Kiva volunteer Ginny Kalish

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