Ojos Del Cielo Group

The “Ojos de Cielo” Community Bank, represented by Ruth, has 15 members, all in their fourth cycle having proved themselves to be responsible and punctual re-payers. Most of the members are in the retail trade, including Ruth herself, who has a grocery store also selling some other items. The remaining members sell clothing, cosmetics, leather jackets, coffee, beds, rucksacks and socks, or make clothing. Despite the high level of competition in their respective fields, they have each successfully developed their enterprises. The loan will be used to expand their businesses, buying goods, supplies and equipment to increase their revenue, allowing them to offer their families a higher standard of living. In terms of the members' credit history, they enjoy the experience of fourth-cycle borrowers, having demonstrated their responsibility, honesty and desire to develop their businesses. They are thankful for the financial support provided by the institution, which offers them the trust they need to provide their families with a more comfortable life and a better education.

Translated from Spanish by Matthew Clapham, Kiva Volunteer

El Banco Comunal “Ojos de Cielo” esta conformado por 15 socios y representado por la señora Ruth, todas las socias van cursando su cuarto ciclo demostrando responsabilidad y puntualidad en sus pagos. La mayoría de las socias se dedican al comercio de productos como la señora Ruth que se dedica a la venta de abarrotes en su tienda y también algunos productos mas, el resto de las socias se dedican a la venta de ropa, cosméticos, chamarras de cuero, café, camas, mochilas medias y a la confección de prendas de vestir. 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 ya que van cursando su cuarto ciclo demostrando responsabilidad, honestidad y ganas de sacar adelante sus negocios, agradecen el apoyo económico que les brinda la institución porque gracias a su confianza su familia gozara de una mejor calidad de vida y de una mejor educación.




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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