Jazmines-uno Group

The “Jazmin Uno” Community Bank is represented by Basilio and consists of 16 members who work hard to be able to help their family's well-being economically. It's for this reason they turn to Kiva partner Fundación Agrocapital in search of quick economic support that will allow them to invest in their small businesses and thus obtain better profits so they can provide their families with a better quality of life. In general, the group makes a living selling products like bread, food, drinks, fruits and mattresses. Among the men, they work in home construction, public transportation and bake bread. There is a lot of competition within their commercial environment, but the members know how to keep moving forward, and they form a tight group with a lot of work experience. Many of the members have received individual loans from institutions similar to Fundación Agrocapital, so they have the experience to fully and honestly fulfill their obligations.

Translated from Spanish by Marty Greenstein, Kiva Volunteer

El banco comunal “Jazmin Uno” esta representado por el señor Basilio y conformado por 16 miembros, que trabajan para poder ayudar económicamente al bienestar de sus familias por eso es que acuden a la institución buscando un apoyo económico rápido que les permita invertir en sus pequeños negocios para así obtener mayores ganancias y brindarles a sus familias una mejor calidad de vida. El grupo en general se dedican a la venta de productos como pan, comida, refrescos, frutas y colchones, entre los varones se dedican al servicio de construcción de viviendas, transporte público y a la elaboración de pan. La competencia dentro del ámbito comercial es elevado pero los socios saben como salir adelante ya que son un grupo compacto y con mucha experiencia en sus trabajos. En cuanto a la experiencia en creditos solidarios muchos de los miembros del grupo ya trabajaron con instituciones similares a la Fundación Agrocapital por lo que cuentan con la experiencia para cumplir con sus obligaciones de forma honesta y cumplida.


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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