Bajo San Antonio Group

The group "Bajo San Antonio" (Lower San Antonio) is represented by Mrs. Luisa Aydee. She is single and responsible for three children who are aged 5, 7, and 12 years of age. The other members are also mothers with families; their businesses include sewing, selling cosmetics, selling groceries and buying/selling of various products to maintain their families. The financing requested by the group is destined for increasing capital of work and buying materials to sell. Individually they would not qualify for a loan due to their low incomes but due to the dedication they have to working with the Fundación Agrocapital, they have a new possibility to improve their quality of life.

Translated from Spanish by Pamela Carreón, Kiva Volunteer

EL GRUPO BAJO SAN ANTONIO ESTA REPRESENTADO POR LA SEÑORA LUISA AYDEE, ELLA ES SOLTERA Y TIENE TRES HIJOS A SU CARGO LOS MISMOS SON DE CINCO, SIETE Y DOCE AÑOS. LAS DEMÁS SOCIAS SON TAMBIÉN MADRES DE FAMILIA QUE SE DEDICAN AL TRAJO DE COSTURERIA, VENTA DE COSMÉTICOS, VENTA DE ABARROTES Y A LA COMPRA Y VENTA DE DIVERSOS PRODUCTOS PARA PODER MANTENER A SUS FAMILIAS. EL FINANCIAMIENTO OTORGADO POR LA FUNDACIÓN ESTA DESTINADO AL INCREMENTO DE CAPITAL DE TRABAJO Y A LA COMPRA DE INSUMOS PARA LA VENTA. ELLAS NO PODÍAN CONTAR CON FINANCIAMIENTO DEBIDO A LOS BAJOS INGRESOS QUE POSEEN PERO DEBIDO A LA DEDICACIÓN QUE TIENEN AL TRABAJO LA FUNDACIÓN AGROCAPITAL LES DA UNA NUEVA POSIBILIDAD DE MEJORAR SU CALIDA DE VIDA.


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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