Siempre Amigas Group

The members of the group "Siempre Amigas" (Always Friends) are represented by señora Maria del Carmen. The group is made up of 14 members who live in the same neighborhood. Each one of them has her own business selling food, sewing, selling bread, running a grocery store, selling drinks and empanadas, running a hardware store, selling cosmetics, selling sheets and blankets, selling clothing, or running an internet cafe. They say that their competition exists, but in spite of this, they know how to get ahead by working hard and having confidence. They work every day to give their families a better quality of life. The financing will go towards expanding the merchandise in their small businesses so they can generate more income that will result in a better quality of life for their families. Their credit history is very good, and they have experience with communal banks thanks to previous credits from institutions similar to Agrocapital. Within this group, it was noted that the members are very organized, united, and responsible. At each meeting, they have a raffle to grow their treasury, so that at the end of each loan term, they can have savings to help with their families' expenses.

Translated from Spanish by Tanya Harper, Kiva Volunteer

Las socias del grupo “Siempre Amigas” están representadas por la señora Maria del Carmen y conformada por 14 miembros los cuales residen en el mismo barrio, cada una de ellas tienen sus propios negocios de venta de comida, costurera, venta de pan, tienda de abarrotes, venta de refrescos empanadas, tienda de ferretería, promotoras de cosméticos, venta de sabanas, edredones, venta de ropa, cafés Internet. En cuanto a la competencia en sus negocios indican que existe pero pese a eso a ello las socias saben como salir adelante con esfuerzo y confianza trabajando día a día por darles a sus familias una mejor calidad de vida. El destino del financiamiento es para ampliar la mercadería de sus pequeños negocios y así poder generar un mayor ingreso que repercute en una mejor calidad de vida para sus familias. Los antecedentes crediticios del grupo es muy bueno ya que cuentan con experiencia en grupos solidarios gracias a créditos anteriores en entidades financieras similares a la fundación Agrocapital, dentro de este grupo se pudo observar que son socias muy organizadas, unidas y muy responsables, ya que cada reunión llevan a cabo una rifa para hacer crecer su caja chica y así al finalizar el ciclo puedan tener un ahorro que ayude con sus gastos familiares.


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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