La Exaltación Group

The members of the group “La Exaltación” (The Exaltation) are represented by Ms. Katterine. The group, in its second cycle, is comprised of 13 members who demonstrate punctuality, responsibility, and and a desire to move forward to give their families a better quality of life.

The majority of the members sell food, but others sell sweets or clothes or offer services like carpentry or welding.
Competition in the area is high but the group members know how to cope thanks to their experience and willingness to work.

The loan will go towards the purchase of materials, supplies, and tools that will help increase profits which their families depend on.

Translated from Spanish by Cathy Coffman, Kiva Volunteer

Los miembros del grupo “La Exaltación” se encuentran representados por la señora Katterine y conformada por 13 miembros que van cursando su segundo ciclo demostrando puntualidad, responsabilidad y ganas de salir adelante para brindarles a sus familias una mejor calidad de vida. En su mayoría las socias se dedican a la venta de comida pero también y en menor cantidad a la venta de dulces, ropa y al servicio de carpintería y soldadura. La competencia en el ámbito comercial es alta pero los miembros del grupo saben como salir adelante gracias a su experiencia y sus ganas de trabajar. El destino del financiamiento es para la adquisición de materiales, insumos y herramientas que ayuden a generar un mayor ingreso ya que de ello depende el sustento 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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