Renacer Ingenio Group

The group “Renacer Ingenio” (“Reborn Ingenuity”) is represented by Mrs. Mónica, who sells tennis shoes. Mrs. Mary Lourdes Marilin and Adelia are relatives, but each one has her own business, so that the group doesn’t have bigger problems. Most of the members are involved in businesses that sell food, cell phones, electric appliances, clothes for confession, including skirts, jackets, and shoes. Each one is conscious of the competition that exists in the market, but the years of experience they have in the field allow them to know that they are capable of paying their repayments punctually and responsibly. The loan will be used to acquire merchandise to sell, such as supplies, materials, and tools for their small businesses. They have experience in working in mutually binding groups since they have worked with groups before. They have demonstrated honesty and punctuality in their payments.

Translated from Spanish by Avni Shah, Kiva Volunteer

El grupo “Renacer Ingenio” esta representado por la señora Mónica que se dedica a la venta de tenis, existe parentescos familiares entre la señora Mary Lourdes,Marilin y Adelia pero cada una tiene independencia economica por lo que el grupo no tiene mayores contratiempos. Una mayoría de los socios (as) se dedica al comercio los cuales venden comida, celulares, electrodoméstico, ropa a la confesión de polleras, chamarras y zapatos. Cada uno es conciente de la competencia que existe en el mercado de compra y venta pero los años que tienen de experiencia en el rubro les permite decir que son capaces de pagar sus cuentas con puntualidad dy responsabilidad. El financiamiento esta destina a la adquisición de mercadería para la venta así como a la compra de insumos, materiales y herramientas para sus pequeños negocios. Son gente que tiene experiencia en el trabajo con grupos solidarios ya que trabajaron con grupos anteriores, demostrando honestidad y puntualidad en los pagos.


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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