Cristal Group

“Cristal” (Crystal) is the name of the association formed by 12 members, who belong to the Centro Focal Exaltación in the city of El Alto. They have already been working together in the organization for five years, with a lot of dedication. Currently, the group has different businesses, from the sale of groceries, selling clothes, and also the sale of lubricants and spare tires for cars.

The entire association needs to increase its capital in order to buy more merchandise. Only in this way can they earn the profitibility of their businesses and improve the quality of life for their families.

Translated from Spanish by Amy McGinty, Kiva Volunteer

“Cristal” es el nombre de la asociación formada por doce socias, pertenece al Centro Focal Exaltación de la ciudad de El Alto, con mucha dedicación ya tienen una antigüedad de cinco años junto a la organización, Actualmente, diversos son los negocios que tienen este grupo, desde la venta de abarrotes, comercializando ropa y también se dedican a la venta de lubricantes y refacción de llantas para automóviles.
Toda la asociación precisa incrementar su capital para poder comprar mayor mercadería, solo de ésta forma podrán obtener la rentabilidad de sus negocios y mejorar la calidad de vida 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

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