Kenedy Group

The group named "Kenedy" is represented by Matilde and it is composed of 13 members, most of whom have previously worked with a loan system. The members are involved in sales of products such as prepared foods, soft drink sales, baked goods, and clothing. The men provide public transportation. The competition they face is considerable but the members have a great deal of experience and know how to prosper their businesses, offering a variety of high quality products. The loan they are requesting is to be used as working capital to invest in their small businesses, and to increase their earnings. This translates 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 placed in them and they are even more motivated to work hard. The members are currently in their first loan cycle but they have previous group experience. They promise to give all that they have to prospoer responsibly and together as a team.

Translated from Spanish by Erika Lindig, Kiva Volunteer

El grupo comunal “Kenedy” esta representado por la señora Matilde y conformado por 13 miembros de los cuales gran mayoría del grupo ya trabajaron bajo esta modalidad de crédito solidario. Las socias se dedican a venta de comida, venta de refrescos, pastillas, venta de ropa, los varones se dedica al transporte público de pasajeros. 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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