Primero De Mayo_jovenes Group

In Villa Tejada you will find a group of teenagers who belong to an organization called "Primero de Mayo Jovenes". Each of the members has his or her own business. For example, Edwin has an upholstery business and needs a loan to purchase materials such as fabric. The other members have various businesses, such as selling office supplies and fuel. The members of this group continue with their studying at various schools, using the money they make from their businesses to support their education.

Translated from Spanish by Emily Charnes, Kiva Volunteer

En el Centro Focal “Villa Tejada” se encuentra un grupo de jóvenes que se denominan “Primero de Mayo_Jóvenes”, todos tienen sus propios negocios, por ejemplo Edwin tiene el negocio de tapicería, él necesita el préstamo para comprar materia prima como el tapiz y seguir trabajando, los demás integrantes también tienen sus propios negocios como la venta de cuadernos, chompas y gasolina. Todos estos jóvenes estudian en diferentes lugares, apoyándose económicamente con los ingresos que generan sus negocios.


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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