Las Autenticas Group

Mr. Elio Juanito Gutiérrez López is the group president and works as a tailor. The treasurer, Mrs. Julia Andrea Humerez Limache, has two children and works as an assistant on the minibus that she owns (minibuses are the primary form of public transportation in La Paz and El Alto). The secretary, Miss Maria Luisa Jacinto de Yujra, sells food at different markets.

These ladies and gentlemen are new to AgroCapital. They did not know anything about the institution, much less about communal banking, but now that they have formed their group and received their loan,* they are ready to work together responsibly in unity and solidarity so that they can continue on to their second loan cycle and take out a bit more money.

* Note that loans you see fundraising on Kiva have actually already been disbursed; this is so that clients don't have to sit around and wait for their loan to be funded on Kiva in order to invest in their businesses. Kiva's partner MFIs are repaid by Kiva at the end of each month.

Translated and elaborated by Cynthia McMurry, Kiva fellow

Grupo conformado por 12 personas de los cuales 9 son mujeres y 3 varones. El nombre del grupo es Las Autenticas, las señoras son de la zona Elizardo Pérez el grupo se dedican en diferentes actividades.
La sr. Elio Juanito Gutiérrez López es el presidenta del grupo es empleado en costura; La tesorera Sra. Julia Andrea Humerez Limachi, tiene dos hijos, ella es ayudante de minibús que es propio. La secretaria Srta. Maria Luisa Jacinto de Yujra, ella vende comida en diferentes ferias
Las señoras y señores son nuevas en Agrocapital ellos no sabían nada sobre la institución y mucho menos que existía la banca comunal, pero ahora que ya conformaron su grupo y se les otorgo el crédito, ellas están ahora con muchas ganas de trabajar juntas, unidas y sobre todo ser solidarias y responsables, para así poder pasar al segundo ciclo y sacar un poco más de crédito.



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