A loan of $3,275 helped a member operating capital.

Union Y Progreso Group's story

The members of the community bank 'Union and Progress' are represented by Mr. Hernando and 13 members, all with AA rating due to the fact that they are in their third loan cycle, demonstrating punctuality, responsibility, and unity in the group. A large majority of the members work selling clothing, books, groceries in neighborhood stores, food, and bricks and making articles of all types of clothing.

In the time they have worked with the group they have demonstrated that they are capable of moving ahead despite any adversity or competition in the market since they know how to work.

The new financing is for the acquisition of merchandise, supplies, and primary materials to continue expanding their businesses in order to give a better quality of life to their families and be able to pursue a better future for their children.

In this group: Hernando, Patricia Antonieta, Saida Nora, Merardo Marcelo, Isabel, Mirtha, Elsa, Franz Aldo, Florinda*, Angelica, Paulina, Nellida, Escarley Adelina
*not pictured

Translator profile picture

Translated from Spanish by Kiva volunteer Daniel Burke

Loan details

Lenders and lending teams

Loan details