Paraiso Norte Group

The partners who make up the Group "Paraiso Norte” are people who have known each other for some time as they reside in the same area. They are represented by Señora Estela, who is the president of the group. The majority of members run small business that sell products such as clothing, cosmetics, food, beverages, and service activities such as construction, coking, and electronic repairs. Within the scope of services, there is strong competition for supply and demand, but the members’ experience and their years of service make it more bearable. They are requesting funding for the purchase of materials and tools to offer an improved product and service to meet market demand. Members are capable of managing the requested funds because they have experience with group credit and understand how to respond and comply with their responsibilities, as they are people wanting to improve the quality of life for their family through their work.

Translated from Spanish by Carrie Ting, Kiva Volunteer

LAS SOCIAS QUIENES CONFORMAN EL GRUPO " PARAÍSO NORTE" SON PERSONAS QUE SE CONOCEN DE MUCHO TIEMPO YA QUE RESIDEN EN EL MISMOS, ESTÁN REPRESENTADAS POR LA SEÑORA ESTELA QUIEN ES LA PRESIDENTA DEL GRUPO. EN SU MAYORÍAS LOS SOCIOS (AS ) SE DEDICAN A PEQUEÑOS NEGOCIOS DE VENTA DE PRODUCTOS COMO ROPA, COSMÉTICOS, COMIDA, BEBIDAS Y A ACTIVIDADES DE SERVICIOS COMO CONSTRUCTORES, COCINERAS Y TÉCNICOS EN REPARACIÓN ELÉCTRICA. DENTRO DEL ÁMBITO COMERCIAL Y DE SERVICIOS EXISTE LA COMPETENCIA FUERTE DE LA OFERTA Y LA DEMANDA, PERO LA EXPERIENCIA DE LOS SOCIOS Y LOS AÑOS DE SERVICIO HACEN QUE SEA MAS LLEVADERA. EL FINANCIAMIENTO ESTA DESTINADO A LA COMPRA DE MATERIALES Y HERRAMIENTAS DE TRABAJO PARA BRINDAR UN MEJOR PRODUCTO Y UN MEJOR SERVICIO ACORDE A LA DEMANDA DEL MERCADO. LOS SOCIOS (AS) SE SIENTEN CAPACES DE ADMINISTRAR LOS FONDOS OTORGADOS YA QUE CUENTAN CON EXPERIENCIA EN GRUPOS SOLIDARIOS Y SABEN RESPONDER Y CUMPLIR CON SUS OBLIGACIONES YA QUE SON GENTE CON GANAS DE MEJORAR SU CALIDAD DE VIDA Y LA DE SU FAMILIA CON SU 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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