Cumplidas Group

Las Cumplidas community back has 13 members. They know each other very well. The president of the bank, Nancy, has over 10 years of business experience. The rest of the group sells different items like hammocks, cosmetics, decorations and clothes. The group members are aware of the responsibility that they assume with a loan, and they will work well together to meet that responsibility.

Translated from Spanish by Ginny Kalish, Kiva Volunteer

El banco comunal las cumplidas está compuesto por 13 socias y socios, mismos que se conocen muy bien entre ellos, la presidenta del banco es la sra. Nancy que se dedica al rubro del comercio desde hace 10 años atrás, por otra parte el resto del grupo se dedica a: También a comercializar diferentes articulos, venden hamácas, cosméticos, cotillones y ropa. Los socios del grupo están concientes de la responsabilidad que asumen al contraer una deuda por lo que trabajan bien juntos.


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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