A loan of $4,025 helped a member operating capital.

Las Cariñosa Group's story

The Communal Bank “Las Cariñosa” (The Affectionate Ones) is led by Sra. Petrona and consists of 15 members, 3 men and 12 women, who have proven to be united and hardworking. They all live in the same neighborhood and know each other perfectly.

Sra. Petrona is married and has a school-age daughter. At the moment, she lives at her mother’s house but wishes to become independent and either rent a house or secure one through an “anticretico” arrangement (the owner pawns the property to the renter). Her husband works as a driver and contributes toward the household expenses and their daughter’s education. Sra. Petrona sews garments and her customers like the finishing touches she puts on her dresses. In order to expand her business, she wants to acquire a spinning machine and an embroidery machine so that she can start making garments in bulk and generate better income. She hopes to fulfill her dream of securing a home for her family and providing a better future for her daughter and husband.

The other members are engaged in selling food, cosmetics (such as Avon, Yambal, and Esika), milk, bread, and sweets. Some make furniture and Don Alberto is a musician. The competition does not present great difficulty since their vending posts are well-located near the local and inter-district bus terminals. This loan will be used to improve their businesses by purchasing supplies, merchandise, and equipment to help them become more efficient and generate better income to provide their families a better quality of life and stable households. Most of the members have been part of a solidarity group as a result of the loans they have received from other institutions similar to Fundación Agrocapital. They are grateful for the financial support and trust that is being demonstrated to them. Unfortunately, two group members hid when the photo was taken, so only part of their faces are visible.

In this group: Petrona, Mariela, Maria Ines, Maria Ester, Isabel, Maria Cristina, Cinthya, Carlos, Alberto*, Maria Adriana, Rosa*, Maria Lucia, Ana Maria, Virginia, Arnaldo
*not pictured

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Translated from Spanish by Kiva volunteer Ronan Reodica

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Loan details