22 De Agosto Group

The “22 de Agosto” (August 22nd) Group is led by Sra. Marioly and consists of 12 members who are starting their first loan cycle with the Institution. Most of the members either sell products, such as bread or empanandas, or provide services. Competition is high in the marketplace, but they know how to get ahead in their respective businesses.

Their loan will be used to grow their businesses by purchasing merchandise, supplies, and tools needed to increase their earnings and improve the quality of life for their families. Regarding their credit experience, the members have worked with solidarity loans before at other institutions similar to Fundación Agrocapital. They are prepared to succeed in their small businesses because their families depend on them.

Translated from Spanish by Ronan Reodica, Kiva Volunteer

El grupo “22 de Agosto” esta representado por la señora Marioly y conformado por 12 miembros los cuales van cursando su primer ciclo dentro de la institución, la mayoría de los socios se dedica a la venta de pan, empanadas y a la prestación de servicios. 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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