Nidia Mercedes Mejia's Group

Nidia explains that she'd like to start a business which can generate a better income, as current earnings from her homemade sweet potato pastries can barely support her children's education. Nidia is therefore requesting a loan to open a fruit and vegetable stand which she plans to operate in the local marketplace everyday, with the exception of Sundays. The entrepreneur believes that her endeavor will be successful, and says that she'll be working hard in order to repay the loan. Nidia hopes that she'll receive the loan before long so that she can improve her family's living conditions.

Nidia Mercedes will receive her loan together with the following women:
Ismaela Galvez, a clothing retailer;
Ely Ynmaculada Otañez, who operates a beauty salon;
Mirian Martinez Capellan, who'll use her loan to purchase clothing and footwear;
Fanny De La Rosa, who sells jewelry.

The photo shows from left to right, Nidia, Ismaela, Ely, Mirian and Fanny.




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