Francelia 1 Group

Oralia is 48 years old and has three children. For the past three years she has worked selling perfumes and sandals. She distributes this merchandise in the state capital. The income gained from this business is allocated to supporting family expenses and investing in merchandise. With the requested loan Oralia would like to purchase more merchandise and thus spend less on the commute to the city. The other members of her group -- Normayda Perez and Yuridia Perez -- also work with Oralia. Juanita Perez runs a butcher's shop.

Translated from Spanish by Geoff Rubin, Kiva volunteer

ORALIA TIENE 48 AÑOS , TIENE 3 HIJOS, DESDE HACE 3 AÑOS SE DEDICA A LA VENTA DE PERFUMES Y DE SANDALIAS MERCANCIA QUE DISTRIBUYE EN LA CAPITAL DEL ESTADO, LAS GANANCIAS LAS DESTINA AL APOYO EN EL GASTO FAMILIAR Y A LA INVERSION DE SU MERCARCIA, CON EL CREDITO QUIERE REALIZAR UNA COMPRA MAYOR DE MERCANCIA Y ASI GASTAR MENOS EN EL TRANSPORTE HACIA LA CIUDAD DE TUXTLA GUTIERREZ LAS OTRAS INTEGRANTES DEL GRUPO NORMAYDA PÉREZ Y YURIDIA PÉREZ SE DEDICAN AL COMERCIO, JUANITA PÉREZ TIENE UNA CARNICERIA.


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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