Barrio De Candelaria 5 Group

Mrs. Blanca has worked together in carpentry with her husband for the past 15 years. They make chairs, desks and various odds and ends that their customers commission. They have invested a lot in their little business, the main pillar of support for their three children. The income from the business is used for family expenditures and to buy raw materials. With the loan Mrs. Blanca would like to buy wood and materials to make furniture. The other members of her group are Celia Jimenez Yanez (sells shoes) and Martha Yanez (sells chickens).

Translated from Spanish by Geoff Rubin, Kiva volunteer

DOÑA BLANCA COMO TODOS LA CONOCEN EN ALTAMIRANO DESDE HACE 15 AÑOS JUNTO CON SU ESPOSO SE DEDICAN ALA CARPINTERIA, ELABORAN SILLAS, MESAS Y ALGUNAS COSAS QUE LES ENCARGAN LE HAN INVERTIDO MUCHO A SU NEGOSITO DICE, PERO ES LO QUE HA MANTENIDO SUS 3 HIJOS, LAS GANANCIASSON DESTINADAS A LA COMPRA DE MATERIAS PRIMAS Y A LOS GASTOS FAMILIARES, CON EL CREDITO QUIERE COMPRAR MADERA Y MATERIAL NECESARIO PARA LA REALIZACION DE MUEBLES, LAS OTRAS INTEGRANTES DEL GRUPO SON. CELIA JIMENEZ YAÑEZ VENDE ZAPATOS POR CATALOGO Y MARTHA YAÑEZ TOLEDO VENDE POLLO TROZADO.


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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