Paraiso Group

The "PARAÍSO" ("Paradise") Group is represented by Ms Mercedes. She is married and has four minor children. The other women in the group are also mothers with children under the age of five. For the most part, the members of the group sell clothes, vegetables, and a variety of meats. The men in the group work in public transportation. Generally, all the members have experience in their different businesses. They know that the growth of their businesses will require them to improve and increase the products they sell. For this reason they have decided to request a loan from Agrocapital. This will be the first group loan for some of the members, but they are responsible people who want to work in order to move ahead.

Translated from Spanish by Laure Kwon, Kiva Volunteer

EL GRUPO "PARAÍSO" ESTA REPRESENTADO POR LA SEÑORA MERCEDES ELLA ES CASADA Y TIENE CUATRO HIJOS MENORES DE EDAD ; LAS DEMÁS SOCIAS TANBIEN SON MADRES DE FAMILIA, CON NIÑOS MENORES DE CINCO AÑOS. EN SU MAYORÍA LOS MIEMBROS DEL GRUPO SE DEDICAN AL COMERCIO DE ROPA, VERDURAS Y VARIEDAD DE CARNE, ENTRE LOS VARONES SE DEDICAN AL TRANSPORTE PÚBLICO. EN GENERAL TODOS LOS SOCIOS TIENEN EXPERIENCIA EN SUS DIFERENTES RUBROS SABEN QUE EL CRECIMIENTO DEL MERCADO LES EXIGE MEJORAR Y AUMENTAR MAS LOS PRODUCTOS A LA VENTA ES POR ESO QUE OPTARON POR UN FINANCIAMIENTO DE LA FUNDACIÓN AGROCAPITAL. PARA ALGUNOS EL TRABAJO EN GRUPOS SOLIDARIOS ES DESCONOCIDO PERO SON GENTE RESPONSABLE Y CON GANAS DE TRABAJAR PARA SALIR ADELANTE.


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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