Carmen Amparo Nicasio's Group

Carmen is a highly respected elderly woman in the Cevicos community of Cotuí. She is the leader of this group of five women who operate small business so as to make a change in their families' lives. Her five children are grown and most of them live outside the community. Carmen lives with her husband who works for a construction company. Her husband is older than she, and is not as strong as before, so he can't work a lot. Carmen tries to contribute to the family's budget by means of her small grocery store. She's been running this store for about five years, and happily says that her business had never stoped despite the lack of capital and the tough competition. Carmen believes that a loan would be worth its weight in gold, because she'd be able to restock her store and increase her sales volume. She says that goods such as rice, cooking oil, and beans are running low in the grocery store, and she'd like to purchase more of these goods. Carmen hopes that the Kiva lenders will help her to achieve her goals and to improve her family's standard of living.
Carmen will receive her loan in conjunction with the following women:
Nery Fernandez Marte, a used-clothing retailer.
Yngris Farias Hernandez, to purchase shoes and tennis shoes.
Mercedes Olanes Cleto, to purchase raw materials to prepare fried vegetables and meat.
Ana Antonia Espinal, for a small beauty salon.
Photo shows from left to right: Carmen, Nery, Yngris, Mercedes, and Ana.





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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