Rosas Blancas Group

The “Rosas Blancas” (White Roses) group begins its third cycle working with the institution. In this cycle there are 12 members, the majority of whom sell used clothing. This type of business requires constant capital to acquire merchandise by the bundle to then sell. Other members sew athletic clothing for the schools and sports stores. Other members sell food, beverages, table cloths and cosmetics via catalog. The business competition is fierce but the members know how to be successful thanks to their years of experience taking care of their customers. The financing will be used in each of their areas, buying items for those that sell used clothing and materials and consumables to help increase their sales in order to provide their families a better quality of life.

Translated from Spanish by Cindy Kendall, Kiva Volunteer

El grupo "Rosas Blancas" inicia su tercer ciclo de trabajo con la institución en este ciclo son solamente 12 socios de los cuales la mayoría se dedican a la venta de ropa usada actividad que requiere constantemente de capital para adquirir la mercadería por fardos que luego sacan a la venta, los otros socios se dedican a la costura de ropa deportiva que acomodan en los colegios y en tiendas deportivas, otras de las socias se dedican a la venta de comida, refrescos, mantas y a la venta de cosméticos por catálogos. En el ámbito del comercio la competencia es dura pero los socios saben como salir adelante gracias a sus años de experiencia y su calidez para atender a sus clientes. El destino del financiamiento es para el cambio de rubro para los que venden ropa usada y para la compra de insumos y materiales para ayuden a incrementar sus ingresos para poder darles a sus familias una mejor calida de vida.


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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