A loan of $3,825 helped a member to buy merchandise to stock her neighbourhood store.

Bajo Irpavi Group's story

The BAJO IRPAVI business venture bank is made up of eight members, seven women and one man. The president of the bank is Silvia. She is 50 years old and has eight children, the majority of whom are now independent. She works selling basic essentials in her neighbourhood store that is located in the Bajo Irpavi district (from which the bank takes its name).

This loan is her first cycle with the institution. She is going to use this loan to purchase merchandise to stock her business, such as beverages, candy, cookies, groceries and other products. Her reason for seeking this loan is the high demand that she is experiencing which is causing her to increase her sales so that she needs to restock her merchandise.

Silvia faces challenges in her business, specifically the competition, since there are several stores in the district. She is going to use the earnings to purchase more merchandise to stock her store and continue growing more day by day. Her plans for her business are to continue selling and to have a larger and better stocked store. In this way she can make her business grow, since it is the sole commercial activity that enables her to support her family.

In this group: Olga Martina, Silvia Celia, Justina, Alicia, Margarita, Santos Rolando, Luisa, Casilda

Translated from Spanish by Kiva volunteer Christine Dechert

Loan details

Lenders and lending teams

Loan details