Patricia Paola Peña's Group

Patricia Paola is a young and promising entrepreneur. She lives with her parents in the impoverished community of Yagua, which is located in Cotuí. About two years ago, she started selling beauty products in order to support her university studies; unfortunately, her parents cannot afford to pay for her studies, so she has to do so on her own.

Recently, Patricia had to halt her business operation due to a lack of working capital. As a result, she has no income with which to support her studies. Accordingly, she is requesting a loan to start selling women’s clothing so that she can generate a substantial income stream, which will allow her to resume her university studies. Patricia is a very positive and confident woman, and she truly believes that her business will be successful. She notes that she knows many of the women in her community and that she is a smooth-talking saleswoman, which enables her to convince people to purchase her items. For Patricia, a good education is the most valuable thing one can get in this world. As such, she believes that with a license from her university and more sales experience, she will be able to succeed with her business and will ultimately be a rich person.

Patricia is seeking this loan along with the following women in her group: (1) Odaly Margarita Soto, who sells clothing; (2) Maria Elena Lazala, who sells beauty products; (3) Bartola Mariano, who sells fried dishes; and (4) Fredelbinda Garcia, who sells jewelry. In the main picture, the women are pictured, from left to right, as follows: Odaly, Patricia, Maria Elena, Bartola, and Fredelbinda. And, in the other picture, Odaly can be seen carrying her child in the muddy road.





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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