Pedro Lorenzo Group

The Pedro Lorenzo group is represented by Mary Luz. The members who make up the group are people who know each other from the neighborhood. All of them guarantee and promise that they will repay the total loan punctually. All of the members are dedicated to selling different products such as clothing, cosmetics, cooking, food, refreshments, kebabs, fruit, candy, sodas, and groceries. Like all things in business, there is competition in the different areas where they work. However, the common goal is to progress with their businesses so that they can improve their families' standard of living. The loan is destined to be invested in stock and material for selling as well as improve the quality of products for their shops. The majority of the members already have experience in joint groups so they know how to manage their funds well.

Translated from Spanish by Kate Divjak, Kiva Volunteer

EL GRUPO "PEDRO LORENZO" ESTA REPRESENTADO POR LA SEÑORA MARY LUZ, LOS SOCIOS (AS) QUIENES CONFORMAN EL GRUPO SON PERSONAS QUE SE CONOCEN DEL BARRIO. TODOS ELLOS SE GARANTIZAN Y SE COMPROMETEN EN PAGAR EL TOTAL DEL FINANCIAMIENTO PUNTUALMENTE. TODAS LOS SOCIOS (AS)SE DEDICAN AL COMERCIO DE DIFERENTES PRODUCTOS COMO SER: VENTA DE ROPA, PRODUCTOS COSMÉTICO, COCINERA, VENTA DE COMIDA, VENTA DE BARRIO, VENTA DE REFRESCOS Y ASADITOS, VENTA DE FRUTAS, VENTA DE DULCES Y REFRESCOS, VENTA DE ABARROTES. COMO EN TODO RUBRO DE COMERCIO EXISTE LA COMPETENCIA EN LAS DIVERSAS ACTIVIDADES QUE DESEMPEÑAN PERO EL OBJETIVO ES COMÚN ES EL DE PROGRESAR EN SUS NEGOCIOS PARA MEJORAR EL SUSTENTO DE SU FAMILIA Y SU CALIDAD DE VIDA. EL DESTINO DEL CRÉDITO ES PARA EL INCREMENTO DE INSUMOS Y MATERIALES A LA VENTA ASÍ COMO PARA MEJORAR LA CALIDAD DE LOS PRODUCTOS PARA SUS PUESTOS DE VENTA. LA MAYORÍA DE LOS SOCIOS (AS) YA TIENE EXPERIENCIA EN GRUPOS SOLIDARIOS POR LO QUE SABEN ADMINISTRAR BIEN SUS FONDOS.


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

Subscribe