A loan of $4,125 helped a member operating capital for their respective businesses.


Las Viviendas 2 Group's story

The group “Las Viviendas 2” is led by Sra. María Luisa and consists of thirteen members who are working parents who strive relentlessly to support their families through their businesses. They are responsible and cooperative people who have demonstrated in their previous six loan cycles that they are capable of working together. Now that they have had the chance to get to know each other well through their hard work, they look forward to continuing together as a group. Among the retail businesses represented are the sale of food, handmade dresses, clothing, soft drinks, bread, groceries, cosmetics, and empanadas. The men are engaged in the repair of air conditioners, refrigerators, and other appliances. With regard to the competitive environment, the members do have any difficulties because they offer their products and services every day from strategic locations throughout the city. Many of them have a loyal clientele that they have established as a result of many years of experience. For example, the members who provide air conditioning services do not face financial difficulty because they have agreements with institutions to provide comprehensive maintenance.

This loan will be used to improve their home and businesses. The members will purchase supplies and materials for making bread, snacks, empanadas, and salteñas, as well as tools and equipment to improve the services they provide. Others wish to invest in new businesses by acquiring a variety of merchandise to offer. Their expectations for the future are to see their businesses well–stocked so that they can provide better service to their customers and improve their product offerings so that they can keep up with new market demands, which will help them earn more income so that they can provide a better quality of life for their families. Most of the members are experienced in working as part of a solidarity group. They are aware that the entire Communal Bank is responsible for any shortfalls caused by any member who is late or fails to make a payment. In addition, they know that it takes cooperation and unity to work together as a solidarity group.

In this group: Maria Luisa, Julia, Maria Luisa, Tereza, Yaqueline, Martha, Karen Alcira, Miguel Angel, Gary Rolando, Margarita, Ana, Yenny*, Maria Cristina
*not pictured

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Translated from Spanish by Kiva volunteer Ronan Reodica


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Loan details