Total loan: $2,125
El Carmenn Group
, , Bolivia / Services
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A loan helped Working capital.
El Carmenn Group's story
The Carmenn Group, which is made up of 12 members, is represented by Rosemery. The members work in different commercial activities such as food sales, clothing sales, chicken sales, and some work at a bakery, a public school, or in a kitchen. Within the commercial and services fields there is a lot of competition but the experience and the movement of the market lets the members get ahead without problems. The funds lent by Kiva partner Fundación Agrocapital will be used to buy merchandise and repair work materials. There are some group members who have experience working with supportive groups, so they know how the institutions work and have demonstrated responsible repayment in previous groups. The older members are in charge of motivating the newer members to keep moving forward in their fulfillment of their responsibilities.
Translated from Spanish by Laura Westin, Kiva Volunteer