A loan of $4,825 helped a member to buy leather.

21 De Agosto Group's story

The "21 de Agosto" ("August 21") communal bank will start its eighteenth cycle in Pro Mujer as part of the Santiago II regional office. It is composed of eight members and is directed by a governing board, of which Ivonne is the President. The members of the communal bank have a variety of businesses. Among them are selling rotisserie chicken, selling shoes, cleaning products, sewing suits, selling variety items, selling glass, selling bolts, and selling soft drinks.

The loan they will take out will benefit small microentrepreneurs, of which Ivonne is one. She says that twenty-four years ago she joined Pro Mujer at the invitation her friend, who is a member of the institution. Currently, she has a business selling shoes; she says that she learned this business on the recommendation of her family, who make the same products.

The loan that she will take out now is to increase capital (buy leather) that she will acquire at distribution stores, wholesale, and after production she will sell it in her stall. This kind of work allows her to generate resources to support her home as much as possible, since she is married and has four children.

When she is asked what she likes about Pro Mujer, she responds that she likes the health and training area.

In this group: Ivonne, Juan Carlos, Alejandra Janeth, Deysi , Nancy Sofia , Irma , Maria Tereza, Maria Eugenia

Translated from Spanish by Kiva volunteer Karen Monat

Loan details

Lenders and lending teams

Loan details