A loan of $4,500 helped a member to buy cosmetics that are on promotion.


6 De Agosto Group's story

The entrepreneurship bank 6 de Agosto is made of eight members, all women.

The president of the bank is Elena, who is 23 years old. She earns her living selling cosmetics through a catalog. She is a promoter of beauty products and is a traveling salesperson, visiting public and private institutions, various neighborhoods and homes offering her products.

This loan is her first sequence with the institution. Elena will use this loan to buy cosmetics on promotion to have in stock for her business.

Her reason for asking for this loan is to have a variety of products to satisfy her clients. Elena faces challenges in her business, which are serving her clients efficiently.

She will use the benefits to improve her family's quality of life. This is the only activity which allows her to maintain and move forward alone. In many cases, her companions in the group are also supporting their families alone.

In this group: Elena, Celidonia, Faviola, Erminia, Carmen, Alina, Matilde, Rocio

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Translated from Spanish by Kiva volunteer Rachel Alexander



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