Barrio Obrero Ii Group

Juana represents the Barrio Obrero II Group, which is comprised of 19 members who are in another cycle with the Institution. The president, like her colleagues, sells cosmetics by catalog. They also sell some seasonal products. The rest of the members are in different activities like selling groceries, empanadas, food, sweets, and supplies. Some members make and sell pastries and baked good, run neighborhood stores, sell books, make clothes, and work in businesses.

The group is in their second cycle together. They express their desire to work with the loan given by Institution. It will be a big help to them to strengthen and expand their different businesses and activities. Some of them have already worked with supportive groups, so they have experience. They want to keep working to give their families a better future.

The loan is to buy tools, buy raw materials, and to expand their shops. Others will use the loan to put money into their businesses in order to get better income that will help support their families with a more reasonable quality of life.

Translated from Spanish by Ginny Kalish, Kiva Volunteer

Las socias del grupo “Barrio Obrero II” están representados por la señora Juana y conformada por 19 socios los cuales van cursando un ciclo mas con la institución. La presidenta al igual que sus compañeras se dedica a la venta de cosméticos por catálogos y algunos productos de acuerdo a al época, los demás socios se dedican a diferentes actividades como venta de abarrotes, empanadas, comida, golosinas, víveres, , venta y elaboración de masitas y repostería, atención tienda de barrio, venta de libros, confección de prendas de vestir y al servicio en empresas. El grupo va cursando su segundo ciclo juntos y expresan su voluntad de trabajar con el crédito otorgado por la institución la misma que les será de gran ayuda para el fortalecimiento y expansión de sus diferentes negocios y actividades, algunos de ellos ya ha trabajado con grupos solidarios por lo que cuentan con experiencia y desean seguir trabajando para brindarles a sus familias un mejor futuro. El refinanciamiento esta dirigido a la compra de herramientas, materia prima, expansión de sus talleres y otros que se traducirán en la capitalización de sus actividades para poder obtener mejores ingresos que ayudaran a mantener a su familia con una calidad de vida más razonable.




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

Subscribe