Rayito De Luna Group

The group called "Rayito de Luna" (little moon ray) is represented by Judith Nancy. She's a mother and lives in the same barrio (neighborhood) as the other members of the group. They are all resposible people with a lot of energy to work either at the food stand, selling beauty products, selling refreshments, and so forth. They know that their families depend on them to make a living. This is why they work hard on attracting as many clients as they can to their individual businesses.

This loan will help them in purchasing more ingredients and more merchandise for their individual businesses and also to make any neccesary improvements.

This is their first time working with the foundation Agrocapital, but they realize that it's a big responsability in order to pay this loan off. Various members tell us that they have worked with other financial institutions in the past, and they know they can fulfill this responsability. This is why the creditor or foundation agreed in giving them an opportunity in order for the members to better their standards of living.

Translated from Spanish by Carolina Zelaya-Kronlund, Kiva Volunteer

EL GRUPO "RAYITO DE LUNA" ESTA REPRESENTADO POR LA SEÑORA JUDITH NANCY ELLA ES MADRE DE FAMILIA Y RESIDE EN EL MISMO BARRIO QUE LAS DE MAS INTEGRANTES DEL GRUPO, SON GENTE RESPONSABLE Y CON MUCHAS GANAS DE TRABAJAR EN SUS PUESTO DE VENTA DE COMIDA, COSMÉTICOS, MINERALES Y BEBIDAS EN GENERAL. ELLAS SABEN QUE DE SU TRABAJO DEPENDE SU FAMILIA POR ESO SE DEDICAN MUCHO A CAPTAR CLIENTES PARA SUS PEQUEÑAS PENSIONES Y PUESTOS DE COMIDA. EL FINANCIAMIENTO ES PARA MEJORAR LAS CONDICIONES DE SUS PUESTOS DE TRABAJO Y AL INCREMENTO DE INSUMOS Y MATERIALES A LA VENTA. ES LA PRIMERA VEZ QUE TRABAJA CON LA FUNDACIÓN AGROCAPITAL PERO CONOCEN DE LA RESPONSABILIDAD QUE IMPLICA UN CRÉDITO EN ESPECIAL CON GRUPOS SOLIDARIOS, ALGUNAS COMENTAN QUE YA TRABAJARON EN OTRAS ENTIDADES FINANCIERAS Y SON CAPACES DE CUMPLIR CON ESTA RESPONSABILIDAD ES POR ESO QUE LA FUNDACIÓN ACEPTÓ DARLE UNA OPORTUNIDAD PARA MEJORAR LA CALIDAD DE VIDA DE LAS FAMILIAS DE LAS SOCIAS.


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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