Santa Barbara Group

The communal bank “Santa Bárbara” is represented by Ruly and made up of 20 members. Of these members, five are men and 15 are women. All the members of this communal bank are beginning their second loan cycle and have shown solidarity, responsibility, honesty, and care in their work. The majority of the members sell products such as meat, bread, groceries in neighborhood stores, clothes, and cosmetics. Others are bread makers, serve as domestic service, work in public transportation and work as mechanics. As they demonstrated in the last loan cycle, they are very hard-working and entrepreneurial, and therefore, they are not too concerned that the competition will prevent them from pulling out ahead. Their loans will be used to improve their quality of life, increase the quantity of their products, repair their work tools, and increase capital. The members have work experience with communal banks, and thus they know about using teamwork to succeed.

Translated from Spanish by Lucia Franzese, Kiva Volunteer

El grupo "Santa Bárbara" esta representado por la señora Ruly y conformado por 20 miembros de los cuales 5 son varones y 15 mujeres, todos los miembros van cursando su segundo ciclo demostrando solidaridad, responsabilidad, honestidad y esmero en el trabajo. La mayorías de los socios (as) se dedica al comercio de productos como la carne, pan, abarrotes en tiendas de barrio, ropa, cosméticos y algunos se dedican a otras actividades como a la elaboración de pan, al servicio domestico, al transporte publico y al servicio mecánico. Como lo demostraron en el anterior ciclo son gente muy trabajadora y emprendedora por lo que la competencia no les preocupa para poder salir adelante. El destino del financiamiento es para mejorar la calidad y cantidad de productos, a la reparación de sus herramientas de trabajo y al incremento de capital. Los socios (as) tienen experiencia trabajando con grupos solidarios por lo que conocen el trabajo en equipo para poder salir adelante.


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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