La Terminal Group

The communal bank “Terminal” is made up of 15 members. The majority of the members are in the business of selling handicrafts, clothes, perfumes, and glass. Others work in the urban public sector or as domestic service and secretaries. The president and representative of the group is Fany.
Within the commercial sector, there is always competition, but to be able to compete, only aptitude and good products are needed. The loan will be used to purchase products and materials to improve the group’s work tools and to strengthen the presentation of their services. The bank members do not have communal bank experience, but are hard-working and honest. For that reason, Agrocapital Foundation is giving them the opportunity to manage their loans and increase their income. That way, their quality of life and that of their families will improve.

Translated from Spanish by Lucia Franzese, Kiva Volunteer

El grupo " Terminal" esta representado por la señora Fany quien es la presidenta del grupo conformado por 15 miembros de los cuales una gran mayoría se dedican al rubro comercial de productos como artesanías, ropa, perfumes, vidrios y a actividades como al servicio público de urbano, al servicio domestico, secretaria y otros. Dentro del marco comercial siempre existe la competencia pero para competir solo se necesita capacidad y buenos productos para combatirla. El destino del crédito es para la compra de insumos y materiales así como para el mejoramiento de sus herramientas de trabajo para la mejor prestación de servicios. Las socias no tienen experiencia en grupos solidarios pero son gente trabajadora y honesta por lo que la fundación Agrocapital le brinda la oportunidad para que puedan administrar sus fondos y mejorar sus ingresos y así mejor su calidad de vida y la de sus familias.


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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