27 De Enero Group

The communal bank known as January 27th is comprised of 13 women, the majority of whom live in the Alto San Pedro zone of the city of El Alto. The group's leaders are Soledad Judith, who is the president, and Zenobia Judith and Maria Martha, who are the treasurer and secretary.

The majority of the members of the group are artisans who weave blankets or they sell cosmetics out of catalogs, or groceries, meals, clothes, and CDs in neighborhood stores, as well as provide photocopying services. The market where they work is very competitive, and operating capital is needed to obtain products that will meet the demands of the people. Because of this, the women need a loan to purchase merchandise, materials, ingredients [for cooking meals] and tools that will help them get better quality products that are in greater demand and that will generate a better income so that these women can provide their families a better quality of life.

This is the group's second loan [with Kiva partner Agrocapital] and they have demonstrated responsibility and made their payments on time [and maintained] Agrocapital's trust. They have shown that they are earning money and supporting their families.

Translated from Spanish by Olivia Engkvist, Kiva Volunteer

El Banco Comunal denominado “27 de Enero” esta conformado por trece señoras que en su mayoría radican en la zona Alto San Pedro de la ciudad de El Alto, la directiva esta conformada por la señora Soledad Judith quien es la presidenta y las señoras Zenobia Judith y Maria Martha que son tesorera y secretaria. Los componentes del grupo son en su mayoría artesanas tejedoras de mantas y vendedoras de productos como cosméticos por catalogo, abarrotes en tiendas de barrio, ropas, comida, Cd y la atención en fotocopiadoras. El mercado donde trabajan es altamente competitivo y es necesario contar con capital de trabajo para poder obtener productos mas acorde a las exigencias del mercado, es por esta razón que requieren del crédito para la adquisición de mercadería, materiales, insumos y herramientas que ayuden a obtener productos de mayor calidad y de mayor demanda en el mercado y generen un mayor ingreso para poder brindarles a sus familias una mejor calida de vida. Este grupo va cursando su segundo ciclo demostrando responsabilidad y cumplimiento de sus pagos contando con la confianza de la fundación Agrocapital ya que demuestran las ganas para poder sacar adelante a sus familias.


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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