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Armonia Group
In this Group: Getrudis Susana, Jhovana , Leydi Laura, Marlene, Maria Antonia , Jose Luis, Bernardo*, Carmen Rosa, Celia Asuncion , Josefa, Isabel
* not pictured
The “Armonía” (Harmony) bank is composed of 11 members: 9 women and 2 men; they are represented by Gertrudis Susana.

Gertrudis Susana is married and has three, school-aged children; her husband works in a paper factory and she sells medicines. They live in a rented house because her husband must leave for work extremely early. Gertrudis Susana owns a lot in the city’s outskirts that she would like to build her house on in order to have her own home and proviD. her children with a better quality of life.

She is asking for funds to buy a variety of medicines to stock her small pharmacy because of the cold wave and the approaching season; she needs working capital to purchase stock inventory items.

The rest of the members participate in a variety of commercial activities, like: public transportation services, plastic sales, cosmetics sales, school supplies sales, caretaking services, and grocery and pastry sales.

The funds will be used to buy raw materials, that is, working capital for the different activities they realize, such as plastic sales, cosmetics sales, school supplies, caretaking services, general grocery items and ingredients for pastries and prepared meals. One group member monitors the departures and arrivals of small buses, while another is a taxi driver and another works at a karaoke bar. All the group members have experience working with group loans at other financial institutions, so they understand the technology. Now that they are working with Agrocapital, they trust the institution because of the economic support it offers them so that they can continue to work and grow with their respective activities and improve their quality of life.
View original language description ↓
La socias Integrantes del Banco “Armonía” están representados por la señora Gertrudis Susana y conformada por 11 miembros 9 son mujeres y dos varones. La señora Gerturdis Susana es casada y tiene tres niños en edad escolar su esposo trabaja en una papelera y ella se dedica a la venta D. medicamentos, su familia vive en una casa alquilada debido a las tempranas horas en las que su esposo entra a trabajar, la señora Gertrudis Susana tiene un lote en las afueras D. la ciudad el cual desea hacer construir para tener una casa propia y poder darles a sus hijos una mejor calidad D. vida, ella desea obtener el crédito para poder adquirir una gama D. medicamentos que ya le hacen falta en su pequeña farmacia debido a la hola D. frío y la tempoR. que se avecina por lo que requiere D. un capital D. trabajo.

El resto D. las socias se dedican al transporte público, venta D. plásticos, cosméticos, material escolar portería, venta D. abarrotes y repostería.

El destino del financiamiento es para la compra D. materia prima, es decir capital D. operaciones en general para las diferentes actividades que se desarrollan en el grupo como son la venta D. plásticos, cosméticos, material escolar, abarrotes en general, productos para repostería y comida, por otra parte también dentro del grupo hay una señora que se dedica a controlar las llegadas y salidas D. los minibuses, otro es taxista y por último también hay alguien que se encarga D. atender un karaoke. En cuanto a la experiencia todas las socias y socios ya trabajaron bajo esta modalidad D. grupos solidarios en otras entidades financieras por lo que tienen experiencia con este tipo D. tecnología financiera. Ahora que trabajan con Agrocapital confían bastante en nuestra entidad ya que la misma les brinda un apoyo económico para que sigan creciendo y trabajando en sus diferentes actividades, todo esto para poder ayudarlos amejorar su calidad D. vida.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

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