San Martin Group

The " San Martín " group, represented by Mrs. Inés, has 13 members. This includes two sisters - Mrs. Maria Delcy and Mrs. Dica Patricia - but they are both married and each of their incomes is independent from the other's. The group's members run a variety of businesses, driving taxis or selling products like clothing, meals, cosmetics, crafts, and sauces.There is a high demand for these products but there is also a large number of people selling them, so customers are naturally inclined to purchase only those products that are of the best quality and that are being sold at the lowest price. This is why the group's members are requesting this loan, so that they have the working capital needed to offer the best products at the lowest price and thus, increase their incomes and their families' quality of life. Some of the group's members have a lot of experience with communal banking and for others this is their first loan, but they feel capable, as a group and as clients of the Agrocapital Foundation, of making their payments punctually and taking advantage of the great opportunities this loan will bring.

Translated from Spanish by Sara Sultan, Kiva Volunteer

El grupo " San Martín " esta representado por la señora Inés y conformado por 13 miembros dentro de los cuales se pueden encontrar un parentesco entre la señora Maria Delcy y su hermana Dica Patricia ellas son casadas y tienen sus ingresos independientes una de la otra. En su mayoría los miembros del grupo se dedican al comercio de productos como la ropa, comida, cosméticos, artesanías, condimentos, venta de productos en bazar y al servicio de transporte público de pasajeros. Dentro del rubro comercial existe mucha demanda de productos pero también existen quienes las ofertan, por lo que los clientes se inclinan es a un producto de buena calidad y a un bajo precio, es por este motivo que las socias desean el crédito para poder ofrecer ese tipo de productos y mejora así sus ingreso y poder mejor así la calidad de vida de sus familias. Entre las socias hay quienes tienen experiencia con grupos solidarios y otras que reciben su primer financiamiento pero se sienten capaces de poder cumplir con su grupo y con la Fundación Agrocapital que les brinda la oportunidad de un financiamiento con grandes ventajas.


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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