Las Obreras Group

This is the Las Obreras community bank's second cycle. The members are women who live in the same Valle Hermoso neighborhood and know each other well. The group is well-led by member, Erika Argandona, who has a business selling footwear and cosmetics that she buys from catalogs and resells. She also has a neighborhood shop. Erika is patnered and has one son. She is someone who has give up a lot to get ahead. The treasurer, Martha Flores, who is now separated, has one daughter. She receives an income from a car that she leases to a driver and is thinking of getting another so that she can ultimately make enough to own her own house. The secretary, Elmer Chileno, has a taxi business that he operates along Line 131 for the San Miguel cooperative. Elmer is single and childless, but he helps out his parents. He says that he will use the loan to service his vehicle.

Translated from Spanish by Jere Wiseman, Kiva Volunteer

Es un grupo que esta en su 2º ciclo, formado por señoras que viven en un mismo Barrio "Valle hermoso", donde se conocen bien, el Banco de Emprendimiento "LAS OBRERAS" esta conformado por la socia Erika argandoña, quien dirige al grupo, muy bien, ella tiene como negocio , la venta de calzados y cosmeticos por catalogos, tambien tiene una tienda de barrio, ella esta concubinada y tiene un solo hijo, es una persona muy sacrificada para salir adelante. Como tesorera esta la socia Martha Flores quien actualmente esta separada del esposo, tiene una hija, recibe renta de su auto ella contola al chofer, pero tiene pensado tener alguna otra entrada mas por que desea tener su casita propia. Y como secretario esta es socio Elmer Chileno, es un socio que trabaja con taxi en la linea nº 131 en el Sindicato San Miguel, es soltero, no tiene hijos, pero si colabora a sus padres. dice que el credito lo usa para mantenimiento de su vehiculo.








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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