A loan of $3,775 helped a member working capital.

Jazmines Group's story

The members of the 'Jazmines' community bank are represented by Lourdes. The members know each other well as they live in the same neighbourhood. There is a blood relationship between the members Santa Cecilia and Florencia, who are sisters, however both have incomes completely independent of each other and so there is no risk of dependence within the group.

The members mostly work in the commercial sphere, selling products such as food, clothing and cosmetics by catalogue, or offering public transport services. In terms of competition, it can be said that the members are conscious of this, and they also mention that their capacity to manage credit well helps them to improve their businesses and increase their income.

This loan will be used to expand their merchandise, buy materials for work, and buy tools to better carry out their services. The members say that they have previously received loans from other similar financial entities, and a majority of the members have previously participated in other groups with the Agrocapital Foundation, thus demonstrating responsibility and commitment in making their repayments.

In this group: Lourdes, Severo, Patricia, Eligia, Yvonne, Ermegilda, Veronica, Clara, Vivian Raquel, Eligia, Ruth, Santa Cecilia, Rosario, Ana Maria, Florencia, Dely

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Translated from Spanish by Kiva volunteer Sally Bolton

Loan details

Lenders and lending teams

Loan details