A loan of $4,300 helped a member operations capital.

Porvenir Group's story

The members of the community bank "Porvenir" are represented by Señora Nievas. All the members of the group know one another because they live in the same neighborhood. Carolina and Justina share a blood relationship; they are cousins but work with incomes totally independent of each other. The members carry out different commercial activities; the majority of them work with already established businesses like grocery stores, clothing sales, food, cosmetics, and other activities like mechanic service and metal refinery. Each one makes a daily income. With regard to the competition, they are aware of it and this is why they need financing to fight it. The loan is planned to be used to boost store stocks, buy work material, and purchase tools to improve fulfillment of services. The majority of the members worked in the first loan cycle and demonstrated honesty and responsibility with their payments.

In this group: Nieves, Eva, Miguel, Justina, Carmiña, Reynaldo, Gloria, Teofila, Maritza*, Mayra Ariane, Carolina, Marco Antonio, Micaela, Juana
*not pictured

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Translated from Spanish by Kiva volunteer Jay Osborne

Loan details

Lenders and lending teams

Loan details