La Pampa Group

"La Pampa" Group is a new 16-member group that is led by Basilia; some of the members have been a part of other past group loans. The majority of the group works in different activities. Some of the men are taxi or bus drivers, among other jobs. Some of the women work in small shops selling groceries, while others sell empanadas (meat or vegetable filled pastries), food, refreshments, bread, perfume, and fish. The competition among these lines of work is high, so it is very important to excel at their trade. The loan is to be used for the growth of their businesses through the purchase of merchandise, supplies, and tools to better their incomes, which allows them to give their families a better quality of life. As soon as this credit experience runs its first cycle through the institution, they look forward to being content that it has brought them economic assistance through improving their income and the quality of life for their families.

Translated from Spanish by Suzy Marinkovich, Kiva Volunteer

El grupo “La pampa” es un grupo nuevo que esta representado por la señora Basilia e integrado de 16 miembros, de las cuales algunas ya trabajaron bajo esta modalidad en grupos anteriores. La mayoría se dedican a diferentes actividades, los hombres algunos son transportista, y otros empleados, entre la s mujeres se dedican a la venta de abarrotes en tiendas propias, otras a la venta de empanadas, comida, refrescos, a la elaboración de pan, cometidos, perfumes y pescado. La competencia dentro de sus rubros es alta, pese a eso saben sacar adelante la actividad económica a la que se dedican. El crédito esta destinado al crecimiento de sus negocios con la compra de mercaderías, insumos y herramientas para mejorar más sus ingresos que les permitirá darles a sus familias una mejor calidad de vida. En cuanto a la experiencia crediticia las socias van cursando su primer ciclo dentro de la institución pero están contentos de que se les brinde un apoyo económico que ayudada a generar mejores ingresos y a mejorar la calidad de vida de su familia




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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