Francisca Valdez Ramirez's Group

Francisca sells shoes, slippers, and tennis shoes to men and women of her community in order to supplement the family’s revenue. “’Sell, sell and sell’ is my motto”, she says as she explains that her goal is to maximize her profits and improve her family’s lifestyle. With her loan, the entrepreneur will buy customer-recommended products and new styles of shoes so as to attract more people to her business.

Francisca’s group members are:
Merys Familia Jimenez, borrowing for her small clothing store;
Lidia Cuello Feliz, borrowing to purchase beauty products for a hair salon;
Cristobalina Quezada Montero, borrowing to expand her pants and shirts trade; and
Marilin Cuevas Medina, borrowing for her fried vegetables business.

(In the picture, from left to the right: Lidia, Francisca, Merys, Marilin and Cristobalina)



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