A loan of $3,500 helped a member capital for operations.

Las Palmas Group's story

Vilfi L. is the representative for the communal bank "Las Palmas." The bank is located in the San Juan D. Dios neighborhood, where all of the members live and know each other. There are family ties between Mrs. Velfi L. and Mrs. Augusta; they are first cousins, however they maintain independent incomes.

All of the group members have small businesses that sell things like cosmetics, food, bread, plastic tubes, shoes, clothing, as well as businesses that proviD. services like tailoring and clothes laundering. Within this commercial area there is a lot of competition, especially with importing name brand products. The purpose of these loans is to diversify their products in order to give them an advantage over the competition. Also, they will buy material and work tools to improve their products. The members have experience with solidarity groups because of their experience with organizations similar to the Agrocapital Foundation.

In this group: Velfi, Viviana, Nicasia, Marina, Maria Miguelina, Grabiela, Cinthya, Julia, Augusta, Yudid, Rosa Maria, Miliana, Karina

Translated from Spanish by Kiva volunteer Rebecca Morey

Loan details

Lenders and lending teams

Loan details