A loan of $3,450 helped a member operational capital.


El Carmen Group's story

The members of the El Carmen community bank are represented by Nelly. The bank is maD. up of 13 members who are in their third loan cycle and have demonstrated unity, honesty, punctuality, and responsibility with their group and with the institution. The members of this bank have different businesses – some sell food or cook, others sell cosmetics, and others work in clothing sales. As in any commercial area, there always exists competition of supply and demand. However, the bank members are always ready, offering products in line with fashion, creating new foods, or selling cheaper products. This loan will be used for the diversification of products and to invest in each small business so that they can purchase lower cost merchandise, or purchase consumables and materials that help generate more income to help them give their families a better quality of life. Despite the adversities, they have demonstrated that they are a dynamic group with a great deal of desire to get ahead with their small businesses which are the means of support for their families.

In this group: Nelly, Ana Maria, Amanda, Cintya Rosario, Maria Del Carmen, Ana, Margarita, Maria Carmen, Maria Del Carmen, Maria Elvira, Silvia, Maria*, Teresa
*not pictured

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Translated from Spanish by Kiva volunteer Kathleen O'Connell


Loan details


Lenders and lending teams



Loan details