Las Magnificas Group

The group "Las Magnificas" is represented by Mrs. Julia and has 16 members who have been together for five seasons showing strength, honesty, and responsibility, and continue wanting to go on growing in spite of having had problems with some bad members. They are still struggling to get ahead with their small businesses selling fruit, meat, groceries in local stores, cosmetics from catalog, food and dedicated to music. The loan will be spent to increase the work capital and buy supplies and tools to help increase earnings in order to continue to move ahead and improve the life quality of their families.

Translated from Spanish by Lene Struck Christensen, Kiva Volunteer

El Grupo “Las Magnificas” esta representadas por la señora Julia y compuesto por 16 personas que van cursando juntas su quinto ciclo en la cual demostraron solidez, honradez y responsabilidad y siguen con las ganas de seguir creciendo a pesar de haber tropezado con algunos malos integrantes ellas siguen luchando por salir adelante en sus pequeños negocios de venta de frutas, carne, abarrotes en tiendas de barrio, cosméticos por catálogos, comida y su dedicación a la música. El destino del crédito es para el incremento de su capital de trabajo para la compra de materiales insumos y herramientas que ayuden a genera un mayor ingreso para seguir superándose y mejorando la calidad de vida de 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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