Narcisa Rosario Guzman's Group

Narcisa explains that she needs to inject more capital into the business in order to offer a larger variety of products to her clientele. Narcisa's modest house and living conditions attest to her desire to increase her income and provide a better lifestyle for herself. She's been living alone since her husband's death (about ten years ago).

Narcisa hopes that the loan requested will help her to strengthen her business and to improve her standard of living. The entrepreneur will receive the loan together with the following women:

Carmen Elena Lantigua Rodriguez, who operates a mini-market,

Polonia Almanzar Rosario, who sells fried meat and vegetables,

Lucia Altagracia Santiago Medrano, who sells women's clothing, and

Ramona Morel, who sells pants and shoes in her community.

The picture shows from left to right Narcisa, Carmen, Polonia, Lucia and Ramona.



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