Anonymous Group

The group “Las Rosas” [“The Roses”] is lead by Mary Luz and consists of 13 people who by their majority have commercial businesses, such as, the sale of cosmetics through catalogs, food, beer, clothing, soldering services, and physical therapy. The group is in its third loan cycle and has demonstrated responsibility, punctuality, and a drive to get ahead despite competition; their income is the fundamental pillar that sustains their families. The new loan will be used to expand their business by acquiring merchandise, materials, and supplies that will improve the quality of their products so that they can become more competitive in the market and generate higher incomes that will allow them to give their families a better quality of life.

Translated from Spanish by Mariela Cedeno, Kiva Volunteer

El grupo “Las Rosas“ están representados por la señora Mary Luz y conformado por 13 personas que en su mayoría se dedican al ámbito comercial como cosméticos por catálogos, comida, cerveza, ropa y al servicio de soldadura y fisioterapia. El grupo va cursando su tercer ciclo demostrando responsabilidad, puntualidad y ganas de salir adelante a pesar de la competencia ya que sus ingresos son el pilar fundamental para el sustento de sus familias. El destino del nuevo financiamiento es para la ampliación de sus negocios así como para adquisición de mercadería, material se insumos que mejoren la calidad de sus productos para ser mas competitivos en el mercado generando una mayor ganancia que les permitirá brindarles a sus familias una mejor calidad de vida.


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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