Monte Rancho Group

This is a group that is very responsible with their payments. They live in an area very removed from the city and know each other well. They don't have basic services (sewer system, potable water, etc.) where they live. The group is called "Monte Rancho" ("Mountain Ranch) and is in its fifth loan cycle with its community bank. The group's board of directors consists as follows: Rosa is the president, and she is very responsible and the leader of the group. She is married, has three children and works in her carpentry shop. The treasurer is Patricia, who is also a very responsible mother of three children and is knowledgeable in the handling of money. She will use the loan to raise capital for her neighborhood store. The secretary is Felisia, who is a married mother of three children. Her husband is a construction worker, while she makes and sells empanadas outdoors. She will use the loan to improve her business.

Translated from Spanish by Marty Greenstein, Kiva Volunteer

Es un grupo muy responsables en sus pagos, viven en una zona muy alejada de la ciudad, se conocen bien, no cuentan con servicios basicos, por ejemplo de alcantarillado, agua potable, etc. Su grupo se llama "MONTE RANCHO", donde, el Banco de Emprendimiento esta en su 5º Ciclo, la mesa directiva esta conformada la siguiente manera, como presidenta esta la señora Rosa Llanque de Choque ,ella es muy responsable y lider de su grupo, tiene 3 hijos es casada su esposo y ella trabajan en su carpinteria. Como tesorera esta la socia Patricia Saavedra Valdivia quien es muy responsable y conocedora del manejo del efectivo tiene 3 hijos es casada, el credito lo utiliza para aumento de capital en su tienda de barrio. Como secretaria esta la socia Felisia Chambi Mamani es casada tiene 3 hijos, su esposo es albañil y ella elabora y vende salteñas (empanadas) ambulando, el credito lo utiliza para mejoramiento del mismo.








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