Salesiano Group

The community bank “Salesiano” is a group of 13 people, of which 11 are women and two are men, represented by Luisa who is in her first cycle with the institution. Still, they have demonstrated a strong will to succeed in the group meetings. The majority of the group works in businesses such as sales of shoes, fruit, make-up, and sweets. They also work in the manufacture of clothing, bread baking, and others are employed in businesses. Their skill in each area is at a high level, and this shows that they will succeed in whatever business they are in. The loan is designated for the growth of their businesses, the purchase of merchandise, incomes and supplies to improve their earnings, which will permit them to give their families a better quality of life. Though this is their first cycle, the members already have experience with credit in groups thanks to credits from institutions similar to Fundación Agrocapital. They are ready to move forward in their small businesses since their families depend on it.

Translated from Spanish by Rebecca Towle, Kiva Volunteer

El Banco comunal “SALESIANO” Es un grupo de 13 personas de las cuales11 son mujeres y 2 son varones representados por la señora Luisa que van cursando su primer ciclo dentro de la institución, pese a ello han de mostrado muchas ganas de salir adelante en las reuniones del grupo. La mayoría del grupo se dedican al comercio de diferentes productos como la venta de zapatos, frutas, cosméticos, dulces; también se dedican a actividades como la confección de prendas de vestir, elaboración de pan y como empleados en las empresas. 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 ya cuentan con experiencia en grupos solidarios pese a que es su primer ciclo gracias a créditos en instituciones similares a la Fundación Agrocapital y están dispuestas a sacar adelante a sus pequeños negocios ya que de ello dependen 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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