Las Bendecidas Group

The “Las Bendecidas” Microfinance Institute, represented by Monica, is comprised of 15 members who sell vegetables, beverages, food, and cosmetics. The men in the group are in the bread making or home construction business. Despite the fact that competition is high, they know how to get head with their businesses. The loan will be used to expand their businesses by purchasing merchandise, supplies and tools so that they can increase profits, allowing them to offer their families a better quality of life. As far as their loan experience goes, the members are currently in their first loan cycle in our institute, but they are happy that they have been given the financial support that will help them generate better profits and improve their families’ quality of life.

Translated from Spanish by Elizabeth Casian, Kiva Volunteer

El banco comunal “Las Bendecidas” esta representado por la señora Mónica y integrado por 15 miembros los cuales se dedican a la venta de verduras, refrescos, comida, cosméticos entre los varones se dedican a la elaboración de pan y a la construcción de viviendas. 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 cursando su primer ciclo dentro de la institución pero estan contentos de que se les brinde un apoyo económico que ayudada a generar mejores ingresos y a mejorar la calidad de vida de su familia.




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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