Primavera Jr Group

The community bank "Primavera Júnior" is a group in its second loan cycle and made up of 19 members who know each other as they live in the same neighbourhood and have a lot of trust in each other. The group is represented by Carmen, the President of the group. Among the activities the members are active in are: the sale of products such as clothing, bread, food, baking and activities such as motorcycle taxi, secretary, teacher, employee, cashier and dressmaker. There is a great deal of competition in the commercial and services' worlds but these members know how to stay in business thanks to their experience and their desire to work to see their families progress. The loan will be used to buy ingredients, materials, and tools to improve their income and give their families a better quality of life. The member finished their previous loan cycle, showing their ability, honesty and responsibility in their repayments and because of this Fundación Agrocapital has entrusted them with this latest loan.

Translated from Spanish by Laure Kwon, Kiva Volunteer

El banco comunal "Primavera Júnior" es un grupo que esta cursando su segundo ciclo conformada por 19 miembros que se conocen ya que residen en la misma zona y se tienen mucha confianza, esta representado por la señora carmen quien e la presidenta del grupo. dentro de las actividades que realizan los miembros del grupo para generar ingresos se tiene al comercio de productos como ropa, pan, comida, repostería y a actividades como moto taxista, secretaria , profesora, empleado, cajeras y modistas. Dentro del ámbito comercial y de servicios existe gran competencia, pero los socios (as) saben como salir adelante gracias a su experiencia y ganas de trabajar para sacar adelante a sus familias. El destino del financiamiento es para la compra de insumos, materiales y herramientas para mejorar sus ingresos y poder brindar a sus familias una mejor calidad de vida. Los socios (as) cumplieron su anterior siclo demostrando capacidad, honestidad y responsabilidad en sus pagos por lo que la fundación agrocapital confía en este nuevo financiamiento.


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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