Las Cumplidas Group

The members of the community bank Las Cumplidas (The Dependables) come from the same neighbourhood; each one has their own business and they know how to get ahead. The representative of the group is Nancy; just like her colleagues she is a dynamic and very hard-working person. She sells clothes and other types of merchandise in the Barrio Lindo market and at night she sells fast food. The rest of her colleagues sell products such as groceries in the neighbourhood stores, toys, bread, shoes and other products according to the season or the fashion. Competition in their line of work is high, due to this they know how to keep their business going. This loan is intended to increase the growth of their businesses through the purchase of merchandise, raw materials and tools to improve their incomes which will allow them to give their families a better quality of life. In relation to their lending experience, the members are due to complete their third cycle with Kiva's field partner institution, demonstrating capacity to administer their resources and desire to work to keep their families going.

Translated from Spanish by Suzanne Grasso, Kiva Volunteer

Las Socias del Banco Comunal LAS CUMPLIDAS son del mismo barrio, todas tienen negocios propios y saben como salir adelante, la representante del grupo es la señora Nancy y al igual que sus compañeras es una persona dinámica y muy trabajadora , ella se dedica a la venta de ropa u otro tipo de mercadería en la feria de Barrio lindo y por las noches vende comida al paso el resto de sus compañeras también se dedican a la venta de productos como abarrotes en tiendas de barrio, juguetes, pan, zapatos y otros productos de acuerdo a la época o a la moda. La competencia dentro de su rubros es alta pese a eso saben sacar adelante la actividad económica a la que se dedican. El crédito esta destinado al crecimiento de sus negocios con la compra de mercaderías, insumos y herramientas para mejorar más sus ingresos que les permitirá darles a sus familias una mejor calidad de vida. En cuanto a la experiencia crediticia las socias van cumpliendo su tercer ciclo con la institución demostrando capacidad para administrar sus recursos y ganas de trabajar para sacar adelante a 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