Solitarios Group

The group named "Solitarios" is represented by Lidia and it is composed of 16 new members. They all live in the same district, they know each other, and they are responsible. Most of the members are involved in sales of products such as prepared foods, soft drinks, cosmetics, perfumes, clothing, and in public transport. There is a great deal of competition but the members have a great deal more experience and they know how to make their businesses prosper, offering various high quality products. The loan they are requesting is to be used as working capital to invest in their business so to increase their earnings. This all tranlsates into a better quality of life for their family, improving more and more every day. They are very grateful for the trust that has been granted, and have even greater strength to work hard. The members are currently on their first loan cycle, although they have participated in groups before. They promise to give all that they are to prosper responsibly, and together.

Translated from Spanish by Erika Lindig, Kiva Volunteer

El grupo “Solitarios” están representados por la señora Lidia y conformados por 16 miembros nuevos que residen en el mismo barrio y son conocidos y responsables. La mayoría de los socios se dedica a actividades de venta de productos como comida, refrescos, cosméticos, perfumes, ropa y al servicio de transporte público en Vehículos y motocicletas. La competencia a nivel comercial es alta pero la socias tienen mucha experiencia y saben como sacar adelante sus negocios ofreciendo productos variados y de buena calidad. El crédito que han obtenido, es para aumentar su capital de trabajo y emprender pequeños negocios para incrementar más sus ganancias, que se traduce en mejorar la calidad de vida de sus familias que día a día van mejorando mas, por ello están muy agradecidos por la confianza depositada para seguir trabajando con mas ganas. La socias van cursando su primer ciclo pero ya cuentan con experiencia en grupos solidarios por lo se comprometen a dar todo de si para salir adelante con responsabilidad y unidad.


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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