Noel Kemf Group

The group “Noel Kemf” is led by Saida and consists of 13 members that reside in the same neighborhood called Noel Kemf; they all have known each other for many years. The majority of the group members have businesses in the sale of food products, ice, cosmetics through catalogs, clothing, and mechanic garages. Competition in the commercial and services sector is high, but the group members know how to get ahead thanks to their experience and drive to work. The loan will be used to acquire materials, supplies, and tools that will help the group generate higher incomes; their families depend on this income and it will afford them a better quality of life. In respect to their experience in solidarity groups, the majority of the group members have previously obtained loans in entities similar to the Agrocapital Foundation, and they are familiar with the main requisites of these loans, which are honesty, responsibility, and above all a will to work.

Translated from Spanish by Mariela Cedeno, Kiva Volunteer

El grupo “Noel Kemf” esta representado por la señora Saida y conformada por 13 miembros que residen en el mismo bario Noel Kemf final radial 10 donde todas se conocen desde hace muchos años. La mayoría de los miembros del grupo se dedica a actividades comerciales como la venta de productos como comida, hielo, cosméticos por catálogos, ropa y al servicio en talleres mecánicos. La competencia en el ámbito comercial y de servicios 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 y mejoramiento de su calidad de vida. En lo que respecta a experiencia en grupos solidarios la mayoría de los miembros del grupo obtuvieron financiamientos con anterioridad en entidades similares a la fundación Agrocapital por lo que conocen los requisitos principales que son honestidad, responsabilidad y sobre todo ganas de trabajar.


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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