A loan of $3,300 helped a member buy wool.

Caramelo Group's story

The Caramelo Community Bank is beginning its first loan cycle with Pro Mujer as part of the Villa Exaltación group. There are nine members and a board of directors; Sra. Julia is the president. The members run the following businesses: weaving blankets, transportation, security, selling clothing, neighbourhood store, food selling, selling potatoes, selling fruit.

The loan the group is seeking will benefit small business owners like Julia. She joined Pro Mujer four loan cycles ago at the invitation of a representative of the institution who came to her house. Now she has a weaving business and sells blankets. She learned the work from her aunt as she helped her with her business. As time passed she decided to start a business of her own.

The loan she is now seeking is to buy wool from the wholesale dealers in the town of El Alto, and then after making the blankets she will sell them on her own stall. The money she earns will allow her to better maintain her house. She is single and has three children. When Julia is asked what she most likes about Pro Mujer, she replies that it is the training about loans.

In this group: Julia, Teresa, Romelia, Remedios, Valerio, Sinforiana , Marina, Rosmery , Jhoselyn Jhovana

Translated from Spanish by Kiva volunteer Jane A

Loan details

Lenders and lending teams

Loan details