El Futuro Group

El Futuro Group is a new group that has twelve members. Three are men and nine are women. Mrs. Leonela is their representative. They work in different areas. Some of the men work in transportation and some are employees. The women sell groceries in neighborhood stores, sell bread, clothing, soft drinks, food, and meat and chicken. They work with the idea of getting ahead in mind and don’t allow themselves to get overwhelmed by completion. They need some economic support so they can strengthen their businesses. This is why they need financing so they can buy materials, supplies, and/or tools that will help generate better earnings so they can contribute to their family’s quality of life.

The members of this group are new at this, so they don’t have experience with solidarity groups, but they can count on the support of the group and of their responsibility to fulfill their family obligations.

Translated from Spanish by Shelly Hubman, Kiva Volunteer

El grupo “El Futuro” es un grupo nuevo que esta integrado de doce personas, de las cuales 3 son hombres y 9 mujeres, se encuentran representados por la señora Leonela. Todos ellos se dedican a diferentes actividades, los hombres algunos son transportista y otros empleados, entre las mujeres se dedican a la venta de abarrotes en tiendas de barrio, venta de pan, ropa, refrescos, comidas, carne y pollo. Siempre con el compromiso de seguir adelante los socios de este grupo no se dejan abrumar con la competencia pero necesitan de un apoyo económico para hacer sus negocios mas fuertes es por esta razón que requieren del financiamiento y adquirir materiales, insumos y herramientas que coadyuven a la generación de mayores ingresos para mejorar la calidad de vida de sus familias. Los integrantes del grupo son nuevos por lo que no cuentan con experiencia en grupos solidarios, pero si cuentan con el respaldo del grupo y su responsabilidad para cumplir con sus obligaciones y con sus familias.


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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