
Women of Success (Translated from Spanish)-
(Written by the women in the group, and posted on the wall during all meetings)
To participate in this group:
1. Women must live in the neighborhoods of San Juan Chapultepec
2. Must be at least 18 year old, no upper age.
3. With or without children
4. Have a small business idea, with or without business experience
5. OK for two members of the same family to participate
For example: Mother and Daughter
6. The group will be managed by a committee with 5 members: President, Secretary, Treasurer, 2 at
large members
7. Each cycle (4 months) will be a new election -
A member can stand for reelection for a second cycle
8. Each month are 4 weekly payments to repay the loan
9. The minimum savings obligation is 20 pesos
10. Meetings at Monte Alban #19 -each Tuesday at 6PM
11. Penalties
a. Late to meeting - 10 pesos
b. Missed meeting - 50 pesos
c. Late payment and absent - 50 pesos
d. A person may lose the right to participate in the group if they have 2 late payments in a row - 50 pesos
12. The interest rate for loans is 3%