A loan of $3,100 helped a member operating capital.

Jesus Divino Group's story

The “Divine Jesus” cooperative bank is represented by Ms. Marioly and is comprised of 15 members. They are entering into a second loan cycle of demonstrating their responsibility and punctuality with payments. Each one of the members has their own business selling bread, clothes, making and selling handicrafts, and vegetables. Some also sell empanadas, clothes, proviD. transportation services, operate heavy machinery and proviD. in-home laundering services.

Competition is high within the business arena, however the members know how to get ahead with their businesses to save their capital and profits in order to support their families. The loan would be destined to help them increase their merchandise for the Christmas holiday season, when their products are in higher demand. They need capital to buy raw materials, supplies, and merchandise. This will help them increase their sales and, ultimately, their incomes.

In a previous loan cycle, they had problems with a few members that misspent their funds and didn’t know how to manage their money. This led to some loan payment troubles. Those members that did not work well with the team have been removed, and the remaining participants are enthusiastic about continuing to work hard to grow their businesses and improve the quality of life for their families.

In this group: Marioly, Alicia, Virginia Bertha, Nelly, Maribel, Ana Rosa, Albina, Natty, Martha, Carlos Enrique, Carmen, Mariela, Veronica*, Juana, Juan Carlos
*not pictured

Translated from Spanish by Kiva volunteer

Loan details

Lenders and lending teams

Loan details