King Of Kings Group

The members of the King of Kings Group are represented by the president, Mrs. Rosa. Mrs. Dunia and Elizabeth are sisters and the daughters of Hermosinda. Both of them have independent business, so they were considered for this group. These integral women sell food and clothes, promote Avon and Yambal beauty products, are tailors and screen painters, sell groceries, own a bakery, and are hairdressers. The men are screen painters and welders. They have also had their own car for over a year. As in the entire commercial field, there always exists the competition of supply and demand. According to all of the members, the loan granted to them by the foundation will be used to expand their businesses. The majority of the members have worked with foundations or financial organizations, from which they have experience in supportive groups. With respect to Agropital, the members belong to the first cycle.

Translated from Spanish by Avni Shah, Kiva Volunteer

LOS SOCIOS DEL GRUPO REY DE REYES REPRESENTADA POR LA PRESIDENTA SRA ROSA. LA SRA. DUNIA Y ELIZABETH SON HERMANAS E HIJAS DE HERMOSINDA AMBAS CUENTAN CON NEGOCIOS INDEPENDIENTES POR LO QUE FUERON CONSIDERADAS PARA CONFORMAR EL PRESENTE GRUPO. LAS INTEGRANTES MUJERES SE DEDICAN A LA VENTA DE COMIDA, ROPA, PROMOTORAS DE AVON, YAMBAL, SASTRERIA, SERIGRAFIA, ABARROTES, PANADERIA, PEINADORAS. EN CASO DE LOS VARONES SE DEDICAN A LA SERIGRAFIA Y A LA SOLDADURA, TAMBIÉN CUENTAN CON AUTO PROPIO DESDE HACE MÁS DE 1 AÑO. COMO EN TODO RUBRO COMERCIAL SIEMPRE EXISTE LA COMPETENCIA DE LA OFERTA Y LA DEMANDA. SEGÚN EXPRESIONES DE TODOS LOS SOCIOS(AS) EL CREDITO OTORGADO POR LA FUNDACIÓN ES PARA LA AMPLIACION DE SUS NEGOCIOS.LA MAYORIA DE LAS SOCIAS HAN TRABAJADO CON FUNDACIONES O ORGANIZACIONES FINANCIERAS POR LO CUAL CUENTAN CON EXPERIENCIA EN GRUPOS SOLIDARIOS. POR LO QUE RESPECTA A AGROPITAL LAS SOCIAS PERTENECEN AL PRIMER CICLO.


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

Subscribe