Las Estrellas Group

The members of the "Las Estrellas" communal bank are represented by Freddy Estik, and include family relations between Felicia and Ana María, who are sisters, but each of them has a completely independent income. The members of this bank have different activities--some make and sell underclothes at the market, some sell snacks and food, and others wash clothing at home. As in all fields, there exists competition in supply and demand, but these partners know how to manage it and get ahead thanks to their effort and experience. This loan will be used in the diversification of products, and for better quality materials and machinery to one-up the competition. The members have experience working in solidarity groups similar to Fundación Agrocapital, and they know what's required to obtain funding and be able to improve their families' quality of life.

Translated from Spanish by Trisha Bury, Kiva Volunteer

Las socias del banco comunal "Las Estrellas", esta representado por el señor Freddy Estik y presentan un parentesco familias entre la señora Felicia y la señora Ana María que son hermanas, pero que cuentan con ingreso totalmente independientes una de la otra. Las socias de este banco tienen diferentes actividades algunas confeccionan y venden ropa interior en el mercado, venta en snack, comida y otras se dedican a lavar ropa a domicilio. Como en todo rubro comercial siempre existe la competencia de la oferta y la demanda pero los socios del grupo saben como manejarla gracias a su esfuerzo y a su experiencia para salir adelante. El crédito esta destinado para la diversificación de productos con materiales y maquinaria de mejor calidad para hacer frente a la competencia. los socios (as) tienen experiencia trabajado con grupos solidarios en instituciones similares a la fundación Agrocapital, por lo que conocen lo que se requiere para adquirir un financiamiento y poder darle a sus familias una mejor calidad 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

Subscribe