Ruth Delania Melo Alvarez's Group

Ruth (pictured second from the left) is a 22-year-old newlywed and her husband is in the military. Ruth is opening her own salon to supplement the income that her husband earns in the military. Ruth spends her evenings and weekends studying at her local university, and she is very excited to start her own business. With this loan, Ruth would like to purchase a hair dryer and hair care (e.g., styling) products. In practice, Ruth plans to expand her hair care inventory and purchase only those products requested by her clients. Ruth hopes that the income generated from her beauty salon will allow her to complete her studies.

Ruth is the leader of her loan group, which includes Santa, Ana, Nancy, and Fior. All of the women in the group are hereby applying for their first loans and each one is a new entrepreneur with enormous hope for the future.



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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