Fortaleza Rsr Group

The "Fortaleza RSR" group is made up of 12 people and represented by Ms. Dominga, who just as the rest of the group lives in the San Nicolas region. Most of the members of the group sell products such as fresh vegetables, clothes, groceries, the confection of hand knitted jumpers, and accessories. The competition in these spaces is high but the partners have different points of sale in fairs and local markets as well as low prices, so they have the experience to succeed. The use of the proceeds is to purchase articles and raw materials that will help increase their income to improve their families' quality of life. Despite this being their first loan with the institution, the partners already have experience with group loans from other financial institutions that are similar to Fundacion Agrocapital.

Translated from Spanish by Esteban Riojas, Kiva Volunteer

El grupo “Fortaleza RSR” esta conformado por doce personas y representado por la señora Dominga que al igual que el resto del grupo radica en la zona de San Nicolás. Una mayoría de los miembros del grupo se dedica a comercio de productos como verduras frescas, ropa, abarrotes y a la confección de chompas tejidas a mano, matas y accesorios. La competencia en el ámbito comercial es elevada pero las socias tienen diferentes puntos de venta en ferias y mercados locales con bajos precios por lo que cuentan con la experiencia para salir adelante. El destino del financiamiento es para la compra de mercadería y materia prima que ayude a incrementar sus ingresos para mejor la calidad de vida de sus familias. A pesar de ser su primer crédito con la institución la socias ya cuentan con experiencia en créditos grupales gracias a financiamientos de instituciones financiera similares a al Fundación Agrocapital.


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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