Siempre Amigas Group

The group “Siempre Amigas” [“Always Friends”] is represented by Maria Jesus and composed of 14 members that have proven to be very dynamic given that they wish to carry out activities to become closer and more united with the group. The women have been friends for a very long time given that they know each other from their businesses and live in the same neighborhood. The majority of the group members run different business and provide different services, such as, beauty shops, grocery stores, food sales, cosmetics sales by catalog, while one of the male group members works as an auto mechanic and the other provides cleaning services. Generally the group members run their businesses out of their homes, and the rest work as mobile vendors without a fixed locale. As far as the competitive market is concerned, the group members have loyal clients thanks to their good work or because they provide quality products. The loan will be used to acquire merchandise to stock their stores, to purchase supplies and materials to expand their businesses, and to acquire tools that will help them carry out work of higher quality in less time. Their expectations are to gain better incomes so that they can offer their families a better quality of life while being in a stable economic situation. Even though they are in their first loan cycle, the group members count on experience in solidarity groups thanks to loans that they have received from other financial institutions similar to the Agrocapital Foundation.

Translated from Spanish by Mariela Cedeno, Kiva Volunteer

El grupo “Siempre Amigas” esta representada por la señora Maria Jesús y conformada por 14 socios que han demostrado ser muy dinámicas puesto que desean realizar actividades para confraternizar y unirse mas como grupo; las señoras tienen una amistad desde hace mucho tiempo ya que se conocen de sus actividades comerciales y son vecinas del mismo barrio. La mayoría de los miembros de grupo desempeñan diferentes tipos de actividades comerciales y de servicio como salones de belleza, tienda de abarrotes, venta de comida, venta de cosméticos por catálogos y en cuanto los socios se dedican a actividades como mecánico automotriz y otro presta servicios de limpieza en general los socios desarrollan sus actividades en su domicilio y el resto son ambulantes sin puesto fijo. En cuanto al entorno competitivo los socios tienes clientes que se fidelizan gracias a su buen trabajo o por contar con productos de calidad. El destino del financiamiento de para la adquisición de mercadería para surtir sus tiendas, insumos y materiales para agrandar sus negocios y herramientas que ayuden a realizar un trabajo de mayor calidad yen menor tiempo. Sus expectativas son tener mayores ingresos para brindarles a sus familias una mejor calidad de vida así como tener una economía más estable. A pesar de estar en su primer ciclo los miembros del grupo cuentan con experiencia en grupos solidarios gracias a créditos con otras instituciones financieras similares a la fundación Agrocapital.


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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