A loan of $3,325 helped a member operating capital.

Fe Y Alegria Group's story

The members of the comunal bank "Fe y Alegría" are represented by Karina. The group is maD. up of 12 members that are from the same neighborhood and all of whom have their own businesses; however the majority are involved in selling food, jewelry, cellular phones, but mainly food as street vendors or in fixed locations. The competitive environment for the businesses is fierce but success depends on how the food is prepared, hygiene and experience in the business. The loan is to be used for the acquisition of fixed booths, the purchase of ingredients and new tools to perform their work with more efficiency, such as potato cutters, kitchens, etc. to allow their businesses to grow and earn larger incomes to proviD. their families with a better quality of life. In terms of the credit history of the members, they have demonstrated punctuality and responsibility in their payments showing that they know how to manage their funds to generate a higher income for their businesses.

In this group: Karina, Teresa, Narda, Adiley, Tania Jacqueline, Ana Gabriela, Carolina, Rocio*, Benita, Maxima, Eladia, Carmen
*not pictured

Translated from Spanish by Kiva volunteer Donald Allen

Loan details

Lenders and lending teams

Loan details