Siempre Amigas Group

The "friends forever" association belongs to the Pan-American center. With the help of it's loan officer, the group is very responsible in all of its activities.

Nearly all of the group members are married, and many have families. Most of the daily costs of running a home exceed the income earned from their businesses, as the group members have many children with growing needs.

Most group members sell various products from their stores and also on the street. For example, some sell groceries, cheese, vegetables, and cleaning products. They also weave blankets. The members would like to improve their sales and therefore need capital to buy supplies wholesale. In this way they'll improve their income and the economic stability of their homes.

Translated from Spanish by Sarah Bishop, Kiva Volunteer

La asociación “siempre amigas” pertenece al centro focal Panamericana, con la ayuda de su asistente de créditos trabajan muy responsables en todas sus actividades de grupo.
Casi todas casadas, con familias numerosas nos cuentan que los gastos diarios que tienen en sus hogares sobrepasan al ingreso que obtienen en sus negocios ya que sus familias son numerosas y sus hijos van creciendo aumentando sus necesidades.
La mayor parte del grupo se dedica a comercio de productos variados, venta que la realizan en puestos fijos y también de forma ambulante, por ejemplo venden abarrotes, queso, verduras, productos de limpieza, también se dedican al tejido de mantas . Ellas quieren ampliar sus ventas para esto necesitan capital para poder comprar productos en mayor cantidad. De esta manera mejorarían sus ingresos y su estabilidad económica en sus hogares



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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