15 De Diciembre Group

The "15 de Diciembre " group is made up of people owning a variety of different types of businesses. They are represented by Sonia. The women of the group work selling cosmetics from catalogues, selling food and running their grocery stores; the men of the group also have small businesses such as selling belts, wallets and food. As in any commercial setting, there is always competition in sales and in supply but all the members try to offer new products in order to satify the demand for their products and to ensure they offer good-quality products at a good price. The loan will be used to bolster their stock, buy materials for their businesses and the purchase of tools to improve the quality of their products. The members have been part of other groups previously and have demonstrated their responsibility, having repaid previous loans in full: they are familiar with working as a group.

Translated from Spanish by Laure Kwon, Kiva Volunteer

El grupo "15 de Diciembre " esta integrada por personas de negocio de diferente rubro y representados por la señora Sonia. Las socias integrantes desempeñan diferentes actividades como a la venta de cosméticos por catalogo, venta de comida y tienda de abarrotes; los socios participantes también tienen comercios pequeños, como venta de cinturones, billeteras y comida. Como en todo rubro comercial siempre existe la competencia de la oferta y la demanda espacialmente en el sector comercio pero los socios siempre tratan de estar con la mercadería nueva para poder cumplir con la demanda de productos y ofrecer productos de buena calidad y a abajo precio. El crédito esta destinado para incrementar su mercadería, comprar material de trabajo y a la compra de herramientas para mejorar la calidad de sus productos. Los socios (as) participaron con anterioridad en grupos diferentes demostrando responsabilidad y cumplimiento en sus pagos, por lo conocen el trabajo en grupos solidarios.


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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