A loan of $1,725 helped a member working capital.

Las Estrellas Group's story

The "Las Estrellas" ("The Stars") Community Bank is represented by Neidy and consists of 12 members, the vast majority of whom live in the Plan 3000 neighborhood and have known each other for a long time and trust their fellow members. This is very organized group despite this being their first loan cycle, and the members have shown themselves to be very hard-working and dedicated mothers. For example, the group's president makes a living helping her husband weld doors, rakes and wheelbarrows, and they already have a good amount of experience. Neidy is very pleased with working out of her own home beside her husband and close to her children since there aren't many women who work and can share that experience with their families. The rest of the members make a living in different activities such as selling clothing, making and distributing empanadas, candy, vegetables and other food items, and in public transportation. The members say they have a lot of competition, but they keep working to make headway and improve the quality of life for their families. They plan to use to loan to purchase tools such as compressors and grinders, summer clothing to sell, ingredients and materials to make and sell empanadas and other foods, and to repair the vehicles that are the source of income for those who work in transportation. Despite this being the group's first loan, the members are already experienced with group loans from similar organizations, so they know how to use the funds to grow their business and increase their income, which will translate into a better education for their children and a better quality of life for their families.

In this group: Neidy, Delia, Roxana, Rosa Lourdes, Liceth, Banesa Fabiola, Beatriz, Roly Ever, Katia, Matilde, Eldy, Justa

Translated from Spanish by Kiva volunteer Marty Greenstein

Loan details

Lenders and lending teams

Loan details