Mujeres Del Alba Group

The communal bank MUJERES DEL ALBA is made up of 15 women, the majority of whom live in the Villa Alemania area, an area of the city which has scarce resources. The main characteristic of their houses is that most are made of adobe and are just one storey. The group is led by Leandra, Lidia and Fidelia Lola.

The members of the bank hold their own in a competitive market, selling coffee, clothes, CDs, juices, cosmetics and footwear; assisting customers in the town's stores, making hats and skirts, buying and selling merchandise, running a grocery store, etc. Thanks to years of experience in the business, the competition does not affect their activities very much.

The group need a loan to purchase raw material such as cloth, thread and wool. They are very happy to work with Agrocapital, and are now in their fifth loan cycle. The majority of the group already know each other and have a lot of experience due to having participated in four previous loan cycles. They are a very happy and supportive group.

Translated from Spanish by Suzanne Grasso, Kiva Volunteer

El Banco Comunal denominado MUJERES DEL ALBA, está conformado por quince señores que en su mayoría radican en la Zona Villa Alemania, otra zona de escasos recursos de la ciudad; la característica principal de sus casas, es que son de adobe en gran parte de ellas y tienen solo una planta. La directiva está conformada por la Sra. Leandra, Sra. Lidia y la Sra. Fidelia Lola. Las socias del banco se desempeñan en un mercado competitivo en los rubros de venta de café, venta de ropa, atención de tienda de barrio, venta de Cds, venta de jugos, confección de sombreros y polleras, venta de cosméticos y calzados, compra y venta de mercadería, tienda de abarrotes, etc., pero que gracias a los años de experiencia en el mismo la competencia no afecta mucho al desarrollo de sus actividades. Ellas necesitan el crédito para realizar compras de materia prima tales como telas, hilos y lanas; ellas están muy animadas para trabajar con Agrocapital .Este grupo está emprendiendo su quinto ciclo, la mayoría de ellas ya se conocen entre sí y cuentan con experiencia puesto que participaron durante cuatro ciclos, es un grupo de personas muy alegres y solidarias.


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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