Las Maravillas Group

The community bank “Las Maravillas” is represented by Marlene and composed of 16 members, who are mostly women engaged in the selling of products such as empanadas, food, neighborhood grocery stores, and as assistants in well-known factories. Within the commercial sector, there is a lot of competition, but the members don't worry about it, owing to their confidence in the products they sell. But there remains the desire to increase their business, and for this reason they came to economic support of Fundación Agrocapital, which offers them a fund that will help the growth of their small businesses and therefore improve the quality of life of their families. In general, the members have experience in group loans; despite being their first cycle with the institution, they count on their experience managing funds for similar financial entities, and they know how to respond to their obligations on time.

Translated from Spanish by Cara Gutterman, Kiva Volunteer

El banco Comunal “Las Maravillas” esta representado por la señora Marlene y conformado por 16 miembros en su mayoría mujeres dedicadas al comercio de productos como empanadas, comida, abarrotes en tiendas de barrio y como ayudantes en fábricas conocidas. Dentro del ámbito comercial existe mucha competencia pero las socias no se preocupan por ello debido a que confían en los productos que comercializan, pero les queda el deseo de incrementar su negocio, es por esta razón que acudieron al apoyo económico de la Fundación Agrocapital que les brinda un fondo que ayudara al crecimiento de sus pequeños negocios así como al mejoramiento de la calidad de vida de sus familias. En general las socias cuentan con experiencia en grupos solidarios a pesar de ser su primer ciclo con la institución pero cuentan con experiencia del manejo de fondos por entidades financieras similares y saben como responder a sus obligaciones puntualmente.


About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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