Coronado Roca Group

The members of the Coronado Roca Group are represented by Jorge and are made up of 16 people who are going through their first cycle with the institution, but they have experience with group loans thanks to entities similar to the Agrocapital Foundation. The majority of the members sell products like cosmetics, sheets, woven bedspreads, vegetables, food, and salteñas (a type of empanada, or stuffed, savory pastry). They also have business activities like sewing articles of clothing, carpentry, and public transportation. As in any area of business, there is always competition, but the members know how to come out ahead by diversifying their products and adapting them to the demands of the market. The loan will go toward the acquisition of raw materials, supplies, and materials such as work tools and merchandise that will help improve their income, increasing their sales and helping improve their families' quality of life.

Translated from Spanish by Rachel McRoberts, Kiva Volunteer

Las socias del grupo "Coronado Roca" están representados por el señor Jorge y conformada por 16 personas las cuales van cursando su primer siclo con la institución pero cuentan con experiencia en grupos solidarios gracias a créditos con entidades similares a la fundación Agrocapital. La mayoría de los socios se dedican a actividades comerciales de venta de productos como cosméticos, sabanas, colchas tejidas, verduras, comida, salteñas y a actividades como la costura de prendas de vestir la carpintería y el transporte público de pasajeros. Como en todo rubro comercial siempre existe la competencia pero las socias saben como salir adelante diversificando sus productos y adecuándolos a las exigencias del mercado. El crédito esta destinado a la adquisición de materia prima, insumos y materiales así como para la compra de herramientas de trabajo y mercadería que ayudaran a mejorar sus ingresos incrementando sus ventas y ayudando a mejorar la calidad de vida 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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