A loan of $4,350 helped a member to buy household items such as milk, soap, and beverages.


Centro De Riyos Group's story

The communal bank “Centro de Rioyos” comprises four responsible members, four men and a woman. They live in a Mazahua community and selected the group's name because the area where they live is called Rioyos. It has several neighborhoods. Some residents still speak the Mazahua language, and some women still wear the traditional, colorful Mazahua necklaces that make their garments so beautiful. The most notable festival honors St. Peter, the patron saint of Rioyos. Ángel, 66, belongs to the group and has been married to Crecencia for many years. They have seven independent children. For 18 years, Ángel has owned a small grocery shop, a business he started because his father also owned a store. Ángel says that the income his father earned inspired him to open his own grocery store. As Ángel is older, he would have a hard time finding a job, but the store allows him to pay expenses. Ángel has applied for a loan to buy items like bread, eggs, milk, sugar, salt, and detergent. Ángel calls his store “La Mesa del Rincón” (Corner Table) because there has always been a wooden table in the same spot in the corner of his store. The only business problem Ángel faces is competition. However, he has many friends who are regular customers, so he doesn't worry much about competition. He says, "My only goal is seeing the store prosper, as I would not want to close it." The other members are also grateful for the loan, which will help them invest in their businesses and slowly see them prosper. Jorge will invest in his smithy. Agustina and Zeferino will invest in their grocery stores.

In this group: Jose Angel , Zeferino, Maria Agustina, Jorge
*not pictured

Translated from Spanish by Kiva volunteer


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Loan details