Joyitas Group

Thirty-year-old Lucia Loza tells us that she started knitting clothes, like sweaters and blankets, four years ago. She prefers to knit blankets because there's a higher demand for them; she needs the loan to buy wool.
Lucia is married and has three small kids, for whom she cares with lots of love. They are the reason she has her business at home. Lucia learned to knit at an institute and she knits by hand and on a machine, although she prefers to knit by hand. Just like Lucia, the rest of the members have their own businesses selling socks, food, gutters, and yucca; running a beauty salon; and running a funeral parlor. All the members need the loan to buy supplies, ingredients, and raw materials.

Translated from Spanish by Violeta Rubiani, Kiva Volunteer

Lucia Loza de 30 años cuenta que desde hace 4 años se dedica a tejer prendas, como chompas y mantas, ella prefiere producir mantas porque existe mayor demanda y necesita el préstamo para comprar lana.
Lucia es casada y tiene 3 hijos pequeños a quienes los cuida con mucho amor, por esta situación tiene su negocio es en casa. Lucia aprendió a tejer en un instituto, sabe tejer a mano y a máquina, aunque ella prefiere tejer a mano.
Al igual que Lucia las demás integrantes tambien tienen sus propios negocios como la venta de medias, comida, canaletas, yuca, atención de un salon de belleza y funeraría. Todas necesitan del préstamo para comprar mercadería, insumos y materia prima



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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