Sarantañani Dos Group

The group members are involved in a variety of economic activities. All work as vendors, selling skirts, shawls, plastics, cleaning supplies, paints, clothing, weavings, CDs, glasses, toys, sweets and cell phone accessories. Most have one to five years of experience in their respective businesses, though four of the group members have ten or 15 years of experience. Most of the group plans to use their Kiva loan to buy more merchandise to sell.

The group is currently in its third loan cycle, and expects all of its members will behave well and make all of their repayments on time, in a normal fashion. Their loan officer will work with them constantly, especially on repayment days and during group meetings.

Translated and elaborated by Cynthia McMurry, Kiva fellow

GRUPO SARNATAÑANI DOS este grupo está conformado en base grupo antiguo y nuevas, son de la misma zona Alto Lima, a cuya cabeza está el Sr. Vicente Antonio Espejo Choquetanga, como Presidente del grupo, están ya en 3er. Ciclo, se espera que el comportamiento sea buena, en sus amortizaciones o pagos normales en las reuniones programadas, los miembros del grupo tienen diferentes actividades, el seguimiento se hará constante especialmente en las fechas de pago y reuniones.



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