El Quior Group

The members of this group all live in the "El Quiro" neighborhood, hence the name of the Communal Bank. This is their third cycle under the leadership of Mrs. Mirian. They have demonstrated responsibility, honesty, puctuality and a desire to work and for these reasons, Agrocapital approves a new economic incentive for them to continue forward. Most of the members are involved in cosmetic, clothing, footwear, food and grocery sales as well as handicrafts, neighborhood stores and barber supplies and services. As in all commercial activities, competition and supply and demand exist but these members have learned how to progress and continue to reap good incomes to better provide for their families. This loan will be used to diversify inventory, to purchase wholesale fabric, seasonal merchandise, and raw materials with which to produce better and more varied products.

Translated from Spanish by Michael Bujazan, Kiva Volunteer

Las socias que conforman el grupo residen en la zona de “El Quiro” es de ahí el nombre del Banco Comunal, El grupo va cursando ya su tercer ciclo a la presidencia del la señora Mirian, demostrando responsabilidad, honestidad, puntualidad y ganas de trabajar es por esta razón que la fundación Agrocapital le da un nuevo apoyo económico para que sigan adelante. La mayoría de las socias se dedican a al venta de productos como cosméticos, ropa, zapato, comida, abarrote en tiendas de barrio, artesanías y servicio de peluquería. Como en todo rubro comercial siempre existe la competencia de la oferta y la demanda, pero las socias saben como salir adelante para obtener mejores ingresos y así poder darle a su familia una mejor calidad de vida. Este crédito esta destinado para la diversificación de productos y para invertir en la compra de telas al por mayor, mercadería acorde a la época e insumos para elaborar mas y mejores productos.




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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