Amanecer Vino Tinto Group

The 12 members of the “Amanecer de Vino Tinto”, three men and the remainder women, group are represented by Eugenia. The group's president and some of her co-members run grocery stores, while other members are engaged in such businesses as the sale of foodstuffs, cosmetics, selling and making cakes and pastries, running a local store, selling books, meals, making rucksacks and clothing and producing wooden furniture. The group is now in its second cycle, and will find the credit provided by the institution of great help in their enthusiastic efforts to strengthen and expand their various businesses. Some have previously worked with other community-based groups, giving them experience of such organizations and the desire to continue their efforts to provide their families with a better future. The new loan will be used to purchase tools and raw materials, to expand workshops and other forms of capital investment in their businesses, with the aim of increasing their revenue to maintain a more decent standard of living for their families.

Translated from Spanish by Matthew Clapham, Kiva Volunteer

Las socias del grupo “Amanecer de Vino Tinto” estan representados por la señora Eugenia y conformada por 12 socios de los cuales tres son varones y el resto mujeres. La presidenta al igual que sus compañeras se dedica a la atención de una tienda de abarrotes, los demás socios se dedican a diferentes actividades como venta de víveres, venta de cosméticos, venta y elaboración de masitas y repostería, atención tienda de barrio, venta de libros, de comidas, confección de mochilas y prendas de vestir, elaboración de muebles de madera. El grupo va cursando su segundo ciclo juntos y expresan su voluntad de trabajar con el crédito otorgado por la institución la misma que les será de gran ayuda para el fortalecimiento y expansión de sus diferentes negocios y actividades, algunos de ellos ya ha trabajado con grupos solidarios por lo que cuentan con experiencia en grupos solidarios y desean seguir trabajando para brindarles a sus familias un mejor futuro. El refinanciamiento esta dirigido a la compra de herramientas, materia prima, expansión de sus talleres y otros que se traducirán en la capitalización de sus actividades para poder obtener mejores ingresos que ayudaran a mantener a su familia con una calidad de vida mas razonable.


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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