Josefa Reyes Monegro's Group

Josefa lives in Colonial, a community of Cotuí in the province of Sanchez Ramirez, located in the central part of the country. She sells new and used clothing, handbags, and some beauty accessories. Josefa has three sons, two of them boys, all of whom attend school.

This loan will be used to replenish this entrepreneur's small business. Josefa explains that her goods sell quickly, as she visits friends, neighbors, and customers every single day to offer and sell her goods. Josefa wants to buy a showcase to better exhibit her beauty accessories to the clients who visit her house.

This entrepreneur will receive the funds together with these women:
Esida Altagracia Nunez Reyes, a clothing retailer;
Ysabel Guzman Garcia, who sells fried food;
Nuris Yaquelin Geraldo Fays, who sells women's clothing; and
Leocadia Contreras Serrano, who sells pants and shoes in the community.
Picture shows from left to right: Josefa, Esida, Ysabel, Nuris and Leocadia.



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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