Acuario Rsr Group

The ACUARIO RSR group is represented by Luzmila. This bank is made up of 12 additional people who are mainly from the Zona Villa Caluyo area of the town of Alto. The group has an average standard of living. These women are for the most part traders of various products such as food sales, groceries, sweaters, blankets, hand-woven clothing and macrame. They need a loan in order to increase their working capital and increase their stock of merchandise as they see an opportunity for growth with the holiday season when demand is greatest. There is always competitition but they are not concerned as they have loyal clients and each other's strength. The members of this group are beginning their third cycle. They have experienced group solidarity and payment compliance in previous loan cycles.

Translated from Spanish by Laure Kwon, Kiva Volunteer

El Grupo ACUARIO RSR esta representado por la señora Luzmila. Este Banco tiene doce componentes que en su mayoría radican en la Zona Villa Caluyo de la ciudad del Alto, el grupo tiene un nivel de vida regular, estas señoras son en su mayoría comerciantes de diferentes productos como la venta venta de comida, abarrotes, chompas, mantas y prendas de vestir tejidas a mano y macramé. Ellas necesitan el crédito para aumentar su capital de trabajo y Stoker sus mercaderías, viendo la posibilidad de crecimiento por las fechas navideñas en la cual existe mayor demanda del mercado, siempre existe la competencia pero no tienen importancia cuando se tiene la lealtad de sus compradores y la fuerza del trabajo del grupo. Los miembros del grupo ingresan al tercer ciclo por lo que gozan de experiencia en grupos solidarios prevaleciendo la responsabilidad y el cumplimiento en los pagos de anteriores ciclos.


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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