El Carmen Group

The members of the El Carmen community bank are represented by Nelly. The bank is made up of 13 members who are in their third loan cycle and have demonstrated unity, honesty, punctuality, and responsibility with their group and with the institution. The members of this bank have different businesses – some sell food or cook, others sell cosmetics, and others work in clothing sales. As in any commercial area, there always exists competition of supply and demand. However, the bank members are always ready, offering products in line with fashion, creating new foods, or selling cheaper products. This loan will be used for the diversification of products and to invest in each small business so that they can purchase lower cost merchandise, or purchase consumables and materials that help generate more income to help them give their families a better quality of life. Despite the adversities, they have demonstrated that they are a dynamic group with a great deal of desire to get ahead with their small businesses which are the means of support for their families.

Translated from Spanish by Kathleen O'Connell, Kiva Volunteer

Las socias del banco comunal "El Carmen" esta representado por la señora Nelly y conformado por 13 miembros los cuales se encuentran cursando su tercer ciclo, demostrando unidad, honestidad, puntualidad y responsabilidad con su grupo y al institución. Este banco tienen diferentes actividades algunas venden comida o a la cocina, otras son promotoras de cosméticos y otras se dedican a la venta de ropa. Como en todo rubro comercial siempre existe la competencia de la oferta y la demanda, pero las socias siempre están listas ofreciendo productos mas acorde a la moda o innovando en nuevas comidas o en productos mas baratos. El crédito esta destinado para la diversificación de productos y para invertir en lo que se refiere a cada uno de sus pequeños negocios ya sea comprando mas mercadería a bajo costo o a la compra de insumos y materiales que ayuden a generar un mayor ingreso para poder darles a sus familias una mejor calidad de vida. A pesar de las adversidades son han demostrado ser un grupo dinámico y con muchas ganas de salir adelante con su pequeños negocios que representan el sustento de 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

Subscribe