Sagrado Corazon Group

The “Sacred Heart” group is represented by Lucia and is composed of responsible people who know each other given that they reside in the same neighborhood. They all commit themselves to make punctual payments and to fulfill their commitments to the rest of the members of the group. In general the members of the group dedicate themselves to commercial activities such as the sale of clothing, make-up, kitchen services, the sale of food, the sale of groceries in neighborhood stores, the sale of soft drinks, the sale of fruit, public transportation services, and technical services. Like in any industry there exists the competition of supply and demand; this exists especially in the commercial industry given that the prices of products fluctuate according to the same demand. It is for this reason that it is necessary to have the most up-to-date products. The requested loan will be used to purchase supplies and materials to improve products and work tools in order to provide more efficient services. A majority of the group members already have experience working in solidarity groups, as such, they know how to administer the granted funds and how to respond punctually to the commitment that they have with the Agrocapita foundation.

Translated from Spanish by Mariela Cedeno, Kiva Volunteer

El grupo " Sagrado Corazón " esta representado por la señora lucia y conformado por personas responsables que se conocen entre si ya que residen en el mismo barrio. Todos ellos (as) se comprometen a efectuar los pagos puntuales y a cumplir con el resto de los miembros del grupo. en general los socios (as) del grupo se dedican a actividades comerciales como venta de ropa, cosmético, servicio de cocina, venta de comida, venta de abarrotes en tiendas de barrio, venta de refrescos, venta de frutas, servicio de transporte público, servicio técnicos. Como en todo rubro siempre existe la competencia de la oferta y la demanda y en especial en el rubro comercial ya que los precios de los productos fluctúan de acuerdo a la demanda de los mismos, es por esta razón que es necesario tener los productos adecuados a la época. El destino del financiamiento es para la compra de insumos y materiales para el mejoramiento de sus productos y a la mejorar de sus herramientas de trabajo para prestar un servicio más eficiente. Una mayoría de los socios (as) ya tienen experiencia en grupos solidarios por lo que saben administrar los fondos otorgados y responder a tiempo con el compromiso que tienen con la fundación Agrocapita.


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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