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


29 De Enero Group's story

The Communal Bank “29 de Enero” (January 29th) is led by Sra. Dioselina and consists of 14 members (3 men and 11 women) who are mutually supportive of one another.


Sra. Fátima is married and has three school-age children. The oldest is in high school, while the other two are in elementary school. Sra. Fátima manages a small neighborhood grocery store located inside of her home. She sells products such as oil, sodas, and canned goods and hopes to expand her business by adding more products. For this reason she is requesting a loan. In the future, she hopes to enlarge her house and make a few repairs. She also wants to provide her children with a good future by paying for a good education and having a comfortable home where they can develop in all of their activities.


The other members of this Communal Bank have businesses involving cosmetics, food, groceries, fine jewelry, beauty salons, motorcycle taxis, and housekeeping services. Competition is high in the commercial sector, but the members know what it takes to succeed in their businesses by turning over their merchandise or establishing their businesses at the regional markets or neighborhood fairs where they can obtain the most loyal customers who are in need of their products. This loan will be used to expand their businesses by purchasing merchandise, equipment, and supplies. They will also provide more comfortable conditions for their customers. Most of the members are new to the group, but they have plenty of experience working with solidarity group loans at other institutions. They are satisfied with the objectives they have to achieve with Fundación Agrocapital and so far have demonstrated teamwork in each of their previous meetings.

In this group: Dioselina, Rosario, Melania, Francisca, Judithza Dabeyba, Lorena, Patricia, Jorge, Candido, Fatima , Mariela, Jackeline, Jacinta, Hugo

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Translated from Spanish by Kiva volunteer Ronan Reodica


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Loan details