San Expedito Group

The group “San Expedito” is represented by Mrs. Anita del Rosario and made up of 12 members, most of whom work in businesses dealing with different types of products such as food, cosmetics, spare parts, handicrafts, and in the service of gardening and the pruning of trees. Within the group, there is a sister-like kinship between Eugenia and the president, Mrs. Anita, but they rely on themselves, and have independent incomes. As in all commerce there is always the competition of supply and demand, but the associates know how to come out ahead; to earn the best incomes in order to give their families the best quality of life. This loan is intended for the diversification of products, and to invest in the purchase of fabrics in bulk, merchandise agreeing with the times and supplies to produce more products of higher quality. The associates are proceeding with their second cycle in the institution, so they can rely on their experience with mutual support within a group, and know how to administer the funds with responsibility and honesty. It is for this reason that the foundation has blessed them with this second economic assistance, such that they can progress their businesses for the sake of their families.

Translated from Spanish by Laura Kirkvold, Kiva Volunteer

El grupo "San Expedito" esta representado por la señora Anita del Rosario y conformado por 12 miembros que en su mayoría se dedica al comercio de diferentes productos como comida, cosméticos, repuestos, artesanías y al servicio de jardinería y poda de árboles. Dentro del grupo existe un parentesco entre la señora Eugenia y la señora presidenta ellas son hermanas, pero cuentan con ingresos independientes. Como en todo rubro comercial siempre existe la competencia de la oferta y la demanda, pero las socias saben como salir adelante para obtener mejores ingresos para poder darle a su familia una mejor calidad de vida. Este crédito esta destinado para la diversificación de productos y para invertir en la compra de telas al por mayor, mercadería acorde a la época e insumos para elaborar mas y mejores productos. Las socias van cursando su segundo ciclo dentro de la institución por lo que cuentan con experiencia en grupos solidarios y saben como administrar los fondos con responsabilidad y honestidad, es por esta razón que la fundación les brinda un segundo apoyo económico para que puedan sacar adelante a sus familias.


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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