Las Magnificas Group

The group "Las Magnificas" (The Magnificent Ones) is represented by Ana Maria. Everyone in the group lives in the 30000 plan in the Urkupiña neighborhood where everyone knows each other. Natali and Patricia are sisters but they have totally independent sources of income so that no risks exist within the group. In general, the members dedicate themselves to activities such as clothing, public transportation, and bread, meal, grocery, cosmetics and clothing sales. The members know that there is great competition in the comercial and labor markets, but they are always able to move forward with their experience and their earnings. This loan is intended to purchase materials and supplies and improve their end products to increase their profits so that they can fulfill their obligations and provide for their families. The member partners have experience in such support groups. They already worked with institutions similar to the Fudaction Agrocapital that provided them with the opportunity to improve their profits and the quality of life for their families.

Translated from Spanish by Amani Roland, Kiva Volunteer

El grupo "Las Magnificas" están representadas por la señora Ana Maria, todo el grupo reside en el plan 30000 en el barrio Urkupiña y se conocen entre si; existe un parentesco familiar entre la señora Natali y Patricia ambas son hermanas pero tienen ingresos totalmente independientes por los que no existen riesgos en el grupo. En general las socias se dedican a actividades como la confección de prendas de vestir, transporte público de pasajeros y a la venta y comercialización de pan, comida, abarrotes, cosméticos y ropa. Las socias aceptan que existe gran competencia en el mercado comercial y laboral pero siempre se puede salir adelante con experiencia y ganas de trabajar. El crédito esta destinado a compra de materiales e insumos y a la mejora de sus productos terminados para incrementar sus ingresas para pode cumplir con sus obligaciones y llevar el pan de cada día a sus familias. Las socias integrantes tienen experiencia en grupos solidarios ya que trabajaron con instituciones semejantes a la fundación Agrocapital quien les brinda la oportunidad de mejorar sus ingresos y la calida de vida de sus familias.


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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