Impacto Group

The Impacto (Impact) Communal Bank is represented by Señora Mariela and is composed of 13 members, the majority of whom are engaged in secretarial work. However, some of the members work at cosmetics catalog sales or selling clothing, or bread to public transport passengers, or they work at manufacturing articles of clothing. Their competence at selling products is high but the members know how to get ahead thanks to their experience and their desire to grow since the well being of their families depends on it. The objective of the loan is to open up independent businesses and for the acquisition of merchandise in order to increase their incomes and be able to provide their families with a better quality of life. Despite the fact that the group members don't have experience in solidarity groups they are eager to work to get ahead, and they are thankful for being able to have the economic support that Fundación Agrocapital provides them.

Translated from Spanish by Daniel Kvaka, Kiva Volunteer

El banco comunal denominado “Impacto” esta representado por la señora Mariela, conformado por 13 miembros que en su mayoría se dedican al servicio de secretariado, pero alguna de las socias se dedican a la venta de cosméticos por catalogo, ropa, pan al transporte publico y a la confección de prendas de vestir. La competencia en la venta de productos es alta pero las socias saben como salir adelante gracias a su experiencia y sus ganas de crecer ya que de ello depende el bien estar de sus familias. El destino del crédito es para la apertura de negocios independientes y para la adquisición de mercarías para incrementar sus ingresos y poder brindar a sus familias una mejor calida de vida. A pesar que los integrantes del grupo no tienen experiencia en grupos solidarios tienen las ganas de trabajar para salir adelante y dan gracias por poder contar con el apoyo económico que les brinda la fundación Agrocapital.


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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