Risitas Group

The group, Little Smiles, is represented by Mrs. Zulema. She is single with three children, just as the other women of the group are mothers with children under the age of five. The members are young, dynamic, responsible, and have goals for advancement. A majority of the group sells different types of products such as chicken, cereals, fabric, cosmetics. Others bake bread, sew clothes, and provide public transportation. The members have plenty of experience in their areas, so they know how to gain a competitive edge in the market. In general, the members don't have experience working in these types of groups, and this is their first microloan, but they feel capable of fulfilling their responsibility to Kiva partner Fundacion Agrocapital and to the other members of the group. This loan will lead to increased income and (the purchase of) more products to sell and improve the members' ability to do business.

Translated from Spanish by Olivia Engkvist, Kiva Volunteer

El grupo Risitas esta representada por la señora Zulema ella es soltera y tiene tres hijos al igual que sus compañeras de grupo que son madres de familia de hijos menos a cinco años, las integrantes son gente joven, dinamica, respondable y con ganas de progresar. Una mayoria del grupo se dedica al comercio de diferentes productos como ser: venta de pollo, cereales, tela, cosmeticos, cotillon algunos se dedican a la elavoracion de pan, de prendas de vestir y al trasporte público. Las socias tiene vastante experiencia en el rubro al cual pertenecen por lo que saben manejar a su beneficio el mercado competitivo. En general los socios (as) no tienen experiencia trabajando con grupos solidarios ya que es su primer financiamiento, pero se sienten capaces de cumplir con la Fundacion Agrocapital y con los integrantes de su grupo con responsabilidad. el destino del crédito es para el incremento de insumos y materiales a la venta así como para el mejoramiento de sus herramientas de trabajo.


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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