Valle Del Sol Group

The group "Valle del Sol" (Valley of the Sun) is represented by Mrs. Eufronia and is composed of 12 members, some of whom make a living performing activities like the sale of cosmetics, liquor, telephone cards, and fast food. In the business environment that they work in there is a lot of competition., especially in this time of financial crisis. In order to persevere, they must avoid the obstacles and work hard to retain the income of their businesses, which is the main source of income that supports their families. The loan will be used to purchase ingredients and materials so that the members will be able to increase their income and improve their quality of life. Despite the fact that this is the first time that the group receives financing the majority of the members have already participated in similar groups and they were able to prove that they are responsible and trustworthy with repaying loans.

(Translated by Thatcher of San Roque High School)

Translated from Spanish by Kendra Gaete, Kiva Volunteer

El grupo "Valle del Sol" esta representado por la señora Eufronia y compuesta por 12 miembros los cuales se dedican a diferntes actividades como a la venta de cosméticos, licores, tarjetas telefónicas, a la serigrafía y a la venta de comida rápida. Dentro del ámbito comercial siempre existe la competencia y en este tiempo de crisis mas aun, pero la perseverancia de los socios hace que sigan adelante sin importar los obstáculos ya que ellos representan el pilar fundamental en los ingresos de sus familias. El destino del financiamiento es para la compra de insumos y materiales para incrementar sus ingresos y mejorar la calida de sus familias. A pesar de como grupo es la primera ves que obtienen un financiamiento de Agrocapital en su mayoría las socias integrantes ya participaron en grupos anteriores conformando uno nuevo ahora, en el cual demostraran la misma responsabilidad y cumplimiento con la institución.


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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