Renacer De Vino Tinto Group

The community bank named "Renacer de Vino Tinto" (the rebirth of Vino Tinto) is made up of twelve members who, for the most part, live in the Vino Tinto zone, from where they get their name.The members of the group are mainly seamstresses and blanket weavers, but they are also dedicated to selling groceries in neighborhood shops, as well as food and produce in the market. The need a loan in order to purchase raw materials and tools such as fabric, thread and wool in order to improve their earnings. The members' market is highly competitive since a majority of people from the area are dedicated to the same job. They need financing in order to provide better quality products and increase their earnings for the betterment of their homes. Since, in general, they perform their work at home, they dedicate more time to their children and families, and the delivery of handsewn sweaters and textile clothing gives them the option to improve and grow their small businesses. This is a relatively new group that has little loan experience. However, with enthusiasm and the desire to work, they know they have the option of counting on the economic support of Agrocapital Foundation.

Translated from Spanish by Kate Divjak, Kiva Volunteer

El Banco Comunal denominado RENACER DE VINO TINTO, esta conformado por doce socias que en su mayoría radican en la Zona de Vino tinto, de donde surge el nombre del grupo. Las socias del grupo son en su mayoría costureras y tejedoras de mantas, pero también se dedican a la venta de abarrotes en tiendas de barrio, a la venta de comida y verduras en el mercado. Ellas necesitan el crédito para realizar compras de materia prima, materiales y herramientas tales como telas, hilos y lanas para mejorar sus ingresos. El mercado de las socias es altamente competitivo ya que una mayoría de las personas de la zona se dedican al mismo rubro por lo que necesitan el financiamiento para poder mejorar la calidad de sus productos e incrementar sus ingresos para el mejoramiento de sus hogares. Por el trabajo que se realiza generalmente en casa de las socias dedicándoles más tiempo a sus hijos y a sus familias ya que la entrega de chompas tejidas a mano y prendas de vestir a textileras les dan la opción de mejorar y crecer en sus pequeños negocios. Es un grupo relativamente nuevo por lo que cuentan con poca experiencia crediticia, pero con el entusiasmo y las ganas de trabajar saben les da la opción de contar con el apoyo económico de 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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