Flor De Canela De Jovenes Group

The community organization “Flor de Canela de Jóvenes” has four members. Its president is Oscar Murga, who has a sewing business and will use this loan to purchase raw materials like cloth. Oscar currently works alone but his goal is to start a small business with fixed assets and to have employees.

The other members of the association also have their own businesses, like knitting gloves, sewing, and clothing sales. They will also use the loan to purchase raw materials.

The four members are very motivated to work together and support each other.

Translated from Spanish by Mary McKee, Kiva Volunteer

La Asociación Comunal “Flor de Canela de Jóvenes” tiene cuatro integrantes, su presidente es Oscar Murga, quién tiene el negocio de costura y utilizará el préstamo para comprar materia prima, como es la tela. Oscar actualmente trabaja solo pero su objetivo es montar una microempresa, contar con activos fijos y tener empleados. Los demás integrantes de la Asociación también tienen negocios como el tejido de guantes, costura y venta de ropa, ellos también utilizaran el préstamo para la compra de materia prima.
Los cuatro se mostraron muy motivados a trabajar juntos y apoyarse mutuamente.



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

Subscribe