A loan of $2,525 helped a member to buy more clothes, cloth, thread, yarn etc.

Novedades Brayan Group's story

"Novedades Brayan" communal bank is made up of family members, three enterprising women. Each one has her own business: Raquel sells clothing, Maricela sells backpacks and shoes and finally Emma sells clothing.

Emma says she is 40 years old and is married to Narciso. Together they make a family with 8 children although only one of them is still dependent on them, studying in Secondary School.

Emma is requesting this loan from VisionFund and Kiva to buy more clothes, cloth, thread, yarn etc. She has done this business for 19 years. She comments," I started selling clothing myself as there where so many children. I had to do something to help with the household expenses and the education of my children". She started selling accessories in the small plazas and villages. She remembers that although she didn't have a fixed place to sell the revenues were good. However little by little she was able to save enough to rent a more stable commercial spot so she didn't have to trudge through the streets. This was when she decided to sell clothing of all sorts.

She has had this place for 3 years. It is located in another municipality. Emma's difficulty is that the rent is very expensive and she has not been able to find another at a better price. She pays 4000 MXN monthly. At first she paid half that, but the rent has increased little by little climbing to that amount. This does not discourage her, just the opposite. She is very hard-working and needs this income to continue paying this rent. It is much better to have the stable location than to carry her merchandise home with her at night, which for Emma would be a lot more work. "I would not want to lose this place as it is difficult to get a place. My only goal is to continue to support my child with his studies. I would love to see him become a professional as he would be able to enjoy a better quality of living".

The three members of the group are grateful with the institutions for the loan as they can invest in their businesses and be able to offer a higher quality of living to their families.

In this group: Raquel, Emma, Maricela

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Translated from Spanish by Kiva volunteer leonardo

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