Amistad Rsr. Group

The AMISTAD RSR Community Bank is represented by Ángela Elvira and has twelve members, most based in the Villa Victoria area. They are now on their fifth loan cycle together, having demonstrated their responsibility, honesty and desire to work. The members are in the main engaged in managing and/or driving their vehicles, as members of the "Punto Car" radio taxi service, which has been in operation for some 10 years now. Other members make football goal netting, one sells groceries while another sells clothing at market. Although they operate within a highly competitive sector, they achieve good levels of sales depending on the product and offer, allowing them to meet their payments and maintain their families. The loan will be used for spare parts and maintenance for their vehicles, the purchase of foodstuffs and raw materials for weaving, and general items of clothing. The members have positive experiences of other institutions, serving as the basis for this renewed economic support allowing them to continue growing in partnership.

Translated from Spanish by Matthew Clapham, Kiva Volunteer

El Banco Comunal denominado AMISTAD RSR Esta representado por la señora Ángela Elvira y por doce socias que en su mayoría radican en la zona de Villa victoria y van cursando juntas ya su 5to ciclo demostrando responsabilidad, honestidad y ganas de trabajar. La mayoría de las socias se dedican a la administración de sus vehículos y/o al manejo de los mismos, pertenecen a la línea de radio taxi "Punto Car", que esta en funcionamiento alrededor de 10 años con el servicio, otras socias se dedican al tejidos de redes de arco de fútbol, una de las socias se dedica a la venta de víveres y otra a la venta de ropa en la feria. El mercado que atacan es muy competitivo, pero según al producto y la oferta que se tenga obtienen ventas favorables para poder cancelar sus obligaciones y mantener a sus familias. El destino del crédito es para compra de repuestos y mantenimiento de sus movilidades, compra de víveres, y materia prima para el tejido y mercadería en general de ropa. Los antecedentes de las socias con otras instituciones son positivos por lo cual se vio por conveniente darle un nuevo apoyo económico para que sigan creciendo juntas.


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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