Peniel Group

In this Group:
Nelva Mery, ELIZABETH, LETICIA ARACELIA, MARY, CAREN ALICIA, AGUSTINA, LOYDA, LUCIA, GIMENA, EULOGIA MARINA, MARTHA, CINTHYA LAUREN, MARGARITA, FLORA, CECILIA SEBASTIANA

The "Peniel" group is composed by 15 members managed by Nelva Mery Lipa Pelaez. Most of their members are business men and women who sell clothes, handicrafts, food, school supplies, hand-made mats and others depending on the time of the year. Members are alert for dishonest competitors but they have experience in their fields and know how to face the hard times. They are very hard working, honest and responsible people as they have proven to be in their previous financing projects.

The loan will be used to purchase more products for sale, as well as supplies and material. Members have group financing experience so they are familiar with the system and they are aware of the responsibility required to make timely payments not to let down the institution or the other members of the group.

Translated from Spanish by Jimena Lopez, Kiva Volunteer

El grupo "Peniel " esta conformado por 15 miembros los cuales están precedidos por la señora Nelva Mery. En su Mayoría las socias se dedican al comercio de diferentes productos como a la venta de ropa, artesanías, comida, material escolar, mantas tejidas a mano y otros dependiendo de la época del año. Las Socias saben que existe la competencia desleal ene el mercado pero ellas tienen experiencia en sus rubros y saben como enfrentarla, son personas muy honradas, responsables y cumplidas como lo han demostrado en anteriores financiamiento. El crédito esta destinado al mejoramiento de la mercadería a la venta así como para el aumento de sus insumos y materiales. Las socias tienen experiencia en financiamientos grupales por lo que saben el sistema de trabajo y la responsabilidad que se requiere para obtener cumplir con los pagos y no fallar ni a la institución ni a los miembros de su grupo.


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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