Las Hijas De Jesús Group

The members of the community bank "Las Hijas de Jesús" ("The Daughters of Jesus") are represented by Mrs. Viviana and composed of fourteen members who live in the same neighborhood. All the women have their own businesses such as selling fruits in the market, crocheting macramé purses, and Mrs. Teresa's grocery store. The other members sell food, clothes, toys, bread, empanadas, and cosmetics.

The competition within their areas of commerce is high, but in spite of this they know how to keep their businesses going. The loan will be used for growing their businesses with the purchase of merchandise, raw materials, and tools to increase their incomes further, which would allow them to give their families a better quality of life.

As for the women's credit experience, they are beginning their first loan cycle with the institution, but they are glad that it offers them the economic support to help them generate greater incomes and improve the quality of life of their families.

Translated from Spanish by Lydia Brantley, Kiva Volunteer

Las Socias del Banco Comunal LAS HIJAS DE JESUS están representadas por la señora Viviana y conformadas por 14 miembros los cuales residen en el mismo barrio, todas tienen negocios propios como venta de frutas en el mercadito y teje carteras de macramé, la señora Teresa tiene tienda de abarrotes, las demás socias se dedican a la venta de comida, ropa, juguetes, pan, empanadas y cosméticos. La competencia dentro de sus 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 están 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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