Cristo Rey Group

The group “Cristo Rey” is made up of three people. All of them are neighbors and have known each other for a very long time. They pursue different activities.
Mrs. Gloria is the leader of the group and is 68 years old. She lives by herself and has two children. One of them lives in the house with her mother, and the other lives in Costa Rica. When he can, he sends money so that they can go forward. She has sold cosmetics for 10 years.
Mrs. Lazo lives with her two children. They are not in school at this time; they are helping their mother with her business, in which she sells cicadas. She is 55 years old. She wants to pursue sewing and selling clothes, for which she needs this loan. Her goal is to be able to provide her children with an education so that they can become professionals someday.
Mr. Oscar is 29 years old. He lives with her mother and has two children. His mother helps them financially. He sells dairy products and buys fish in San Lorenzo to sell in different communities. He needs this loan to buy more fish since these days people eat a lot of fish for the holy week. From the earnings, he wants to buy two cows so that he can produce milk and, then, produce dairy products.

Translated from Spanish by Avni Shah, Kiva Volunteer

El grupo Cristo Rey esta integrado por tres personas, todos ellos son vecinos y se conocen desde muy atras y se dedica a actividades diferentes.
La Sra. Gloria es la lider del grupo y tiene 68 años de edad, vive sola y tiene dos hijos, uno de ellos vive en la casa con su madre, el otro vive en Costa Rica, y cuando el puede le envia dinero para que pueda salir adelante, ella se dedica a la venta de cosmeticos desde hace 10 años.
La Sra. Lazo vive con sus dos hijos, ellos no estan estudiando en este momento le estan ayudando a su madre con su negocio que es venta de chicharras, ella tiene 55 años de edad, ella se quiere dedicar a la costura y venta de ropa para eso necesita el prestamo, su meta es poder darles estudios a sus dos hijos para que sean profesionales algun dia.
El Sr. Oscar tiene 29 años de edad vive con su madre y tiene dos hijos, la mama les ayuda economicamente. el se dedica a la venta de lacteos y compra pescado en San Lorenzo para venderlo en diferentes comunidades. el necesita el prestamo para comprar mas pescado ya que en estos dias la gente come mucho pescado por la epoca de semana santa, de las ganancias quiere comprar unas dos vacas para poder sacarles leche y asi producir lacteos.


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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