A loan of $4,375 helped a member operating capital.


Tarija Group's story

The “Tarija” Group is led by Sra. Lucia and consists of 14 members (10 women and 4 men) who live in the same area and know each other well.

Sra. Fabiola is a distinguished member of the group who is a single mother of one child. She produces homemade bread and distributes some of it to nearby shops. The rest of it is sold from the corner of her mother’s house, where she resides for the moment. Fabiola is a highly intelligent and capable person, but in order to generate extra income to support her child, she needs to enlarge her business. For this reason, she is requesting a loan to buy more supplies and a larger oven to help generate more income so that she can help her elderly mother and pay for her child’s education.

The remaining members have businesses selling hamburgers, food, cosmetics, fruit, or providing services such as welding and public transportation. Competition in the marketplace is high and really difficult, especially in the food and cosmetics businesses in which there is little available operating capital. This loan will be used to improve their businesses by purchasing supplies, merchandise, and equipment to make their work more efficient and help generate additional income to improve their families’ quality of life and provide them with stable homes. Most of the members have experience working in a Communal Bank setting because they have taken out loans with other institutions similar to Fundación Agrocapital. The members are grateful for the financial support and the trust being placed in them.

In this group: Lucia, Carmen, Fabiola, Lidia, Beatriz, Yanet, Manfredo, Jesus Dario, Maria Martha, Victor Hugo, Yoany Briyit, Deisy Elizabeth, Julia Elena*, Jaime*
*not pictured

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Translated from Spanish by Kiva volunteer Ronan Reodica


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