Mujeres De Fe- Group4

Senaida Agueda has a business in which she buys and resells clothing that she has been operating for about 2½ years now with the help of loans from Esperanza. She has two children, 41 and 38, whom do not live with Mrs. Agueda. When not working with her clothing shop, she enjoys going to the beach and cooking, arroz con carne (rice with meat) being one of her favorite dishes. As Mrs. Agueda is in her elder years and has fully grown children, she simply wishes to sustain her business to support her and her husband.

Mrs. Senaida Agueda is a member of an eight person group, Group 4, that is part of a larger micro-bank called Mujeres de Fe, "Women of Faith" in English. In the picture, Mrs. Agueda is third from the right along with members of her group and some others of Mujeres de Fe. Her story is just one of a list of men and women who are improving their quality of life through the help of micro-credit loans of Esperanza. Together, this group has united with a common vision of a better life with faith and hope in their hearts and an unbreakable spirit. The concept of group lending is to have loans paid in a group to reduce the risk of a person defaulting, as others pick up where a person may lag to receive the next loan. Each of the associates in this bank has a similar business whether it is a motor taxi service or selling cosmetics. Thank you for your support and awareness of this issue, and it is your concern and efforts that is able to bring a difference to the lives of people such as Mrs. Agueda.



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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