A loan of $3,700 helped a member operating capital.

Rosas De Los Andes Group's story

The partners of the “Rosas D. los Andés” (Roses of the Andes) group are represented by Lourdes. The group consists of 13 members, two of which are men and the rest are hardworking and enterprising women, thus the name of the group. The members are people of humble means, but with a great desire to make progress by working in sales of products such as food, watches, clothing, shoes, fruits, backpacks, and embroidered shawls. There is a lot of competition in the market, but they benefit from their experience and the quickness with which they change their merchandise. They are always prepared to deal with the behavior of the market and are prepared for the season. Unfortunately, however, some of the members are not able to enter into this new loan cycle, and this is the main reason for not complying with their payment plan. However, the other members of the group are always there to help them out and to avoid losing members of the group, which is mostly composed of friends of many years. The use of the loan is to purchase merchandise and ingredients in order to meet the demand of the market. The members have experience in loan groups, so they understand the method of payment and the level of responsibility and follow-through that is required to maintain themselves as a group with Fundación Capital.

In this group: Lourdes, Antonia Agustina, Aidee, Gregoria, Gregorio, Veronica, Veronica Zonia, Beatriz, Maria Dolores, William, Odaliz Jhannet, Deysi, Aurora

Translated from Spanish by Kiva volunteer Jennifer Day

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Lenders and lending teams

Loan details