A loan of $4,600 helped a member increase working capital.

Amistad Group's story

The members of the AMISTAD (friendship) group are all from the same neighborhood, and each one of the women has her own business where she works daily, for instance, selling different kinds of food, sewing, running a grocery store, promoting cosmetics, or selling bedding supplies and clothing. There is competition for these businesses but these women know how to keep moving forward. They plan to use the loan to grow their businesses with more capital so they can make them stronger in the future. This the third loan cycle for the AMISTAD Community Bank, and the previous ones have gone very well. Some of the members work only with AgroCapital, while others work with other partner microfinance institutions. AMISTAD is an organized group. At each meeting the members conduct a raffle to increase their petty cash fund and can finish their loan cycle with more savings. For their meetings they prepare snacks and once in a while get together on holidays, like on Mother's Day or Friendship Day. It is a very organized group.

In this group: Graciela, Zaida, Ana Beatriz, Elvira, Irma, Ernestina, Isabel, Marlene, Enrique, Mirelly, Mariela, Yolanda Veronica, Ana Karen, Silvana, Lizeth, Sonia

Translated from Spanish by Kiva volunteer Marty Greenstein

Loan details

Lenders and lending teams

Loan details