A loan of $8,000 helped a member to fix his fishing line and repair his boat, so that one day he can become a fishing merchant.

El Progreso Del Pobre Group's story

Guido is 47 years old and lives with his parents in a community called Olmedo. Don Guido is a fisherman. He works three days a week starting at 4am, when he takes his boat out an hour to start his day of fishing.

When he returns, he sells his fish to intermediate buyers, who then resell his fish with more than a 100% markup on the price they paid him. Don Guido is requesting a loan of $1,000, which he will use to fix his fishing net and repair his boat. In the future, Don Guido wants to get a new boat (made of fiberglass instead of wood) and change out his old off-board motor for a better one. He told us about the challenges that occur on the high seas, where pirates sometimes assault fisherman to steal their fish, motors and sometimes even their boats. In the future, he hopes to work as an intermediate buyer so that he can earn more.

His group is made up of eight people, each of whom will receive $1,000 to invest in their respective businesses. They all have excellent repayment history and are committed to continue to improve their businesses and offer better products to their clients.

In this group: Mirian, Oliva Maria, Guido, Emperatriz, Rosa Adelaida, Dinna Eugenia, Marlene, Ana Cristina

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Translated from Spanish by Kiva volunteer Cynthia McMurry

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