Genoveva Cabrera Josefa's Group

Genoveva explains that seven years ago she had to start a small business because, with her salary, she could hardly bring up her three children. Moreover, her husband had left her a couple of months earlier, and she had to do everything on her own.

Currently, the entrepreneur sells tablecloths, window curtains, and cushions in her community. She also makes up attractive bouquets and sells ornamental plants.

Genoveva says that she’s really proud of the job she’s done so far. Actually, her daughter is studying medicine, and her two sons are finishing secondary school. The businesswoman says that education is the greatest thing a mother can give to her children.

Genoveva would like to be a famous florist in her region and own a very big store that can generate better income for her family. With her loan, she’ll buy tablecloths, curtains, and various plants in bulk in order to run her businesses and increase her income.

Genoveva will receive her loan together with these following women:

Beatina Mejía Cabrera, a clothing retailer.

Xiomara Mercedes Santana Espinal, who operates a small clothing store.

Michel Betances Amparo, who sells natural medicines.

María Del Carmen Cespedes, a small cafeteria’s owner.

Picture: left to right: María Del Carmen, Michel Betances, Xiomara, Beatina, and Genoveva.



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