A loan of $2,075 helped a member operating capital for their respective businesses.


24 De Septiembre Group's story

The September 24th Group is led by Sra. Lia and consists of eleven members who live in the neighborhood of La Cuchilla. They all know each other well and trust one another. All of the members of the group have their own businesses in which they sell food, clothing, cosmetics, bread, and empanadas. One member provides public transportation services. In order to deal with the competitive environment, the members are constantly turning over merchandise. For this reason, they are in need of financing so that they can increase their operating capital and acquire more merchandise which will enable them to compete in the market and keep pace with demand. Other members will use the funding to purchase supplies, acquire equipment, and repair their vehicles. The majority of the members have already participated in solidarity loans with other institutions similar to Fundación Agrocapital. They know how to manage their funds in order to benefit and expand their businesses, which are the cornerstones behind maintaining their households.

In this group: Lia, Carmen, Felix, Jovita, Virginia, Francisca, Flora, Briyith Micaela, Adhemar, Elena, Gladys

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Translated from Spanish by Kiva volunteer Ronan Reodica


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