Socios Unidos Group

The members of the communal bank 'Socios Unidos' are represented by señora Guadalupe and made up of 13 members that include a family relationship between señora Guadalupe and Melina, who are sisters, but with totally independent earnings. A large number of the members have grocery stores, cosmetic catalogue sales businesse, and sell clothes, bread, food, and other services. Like in all commercial areas there is always competition for supply and demand but the associates know how to prosper, now that supporting their families depends on this. The loan is destined to increase their merchandise and for the acquisition of consumbales and tools that help to increase their earnings and improve the quality of life of their families, like they have been doing with previous finances. This group has had 3 cycles demonstrating responsbility and honesty in the fulfilment of their obligations.

Translated from Spanish by Jane McCrory, Kiva Volunteer

Los miembros del banco comunal "Socios Unidos" esta representado por la señora Guadalupe y conformada por 13 miembros que presentan un parentesco familiar entre la señora Guadalupe y Melina que son hermanas pero con ingresos totalmente independientes. Gran parte de las socias cuentan con tiendas de abarrote, ventas de cosméticos por catálogos, ropa, pan comida y al servicio de amplificación. Como en todo rubro comercial siempre existe la competencia de la oferta y la demanda pero las socias saben como salir adelante ya que de ello depende el sustento de sus familias. El crédito esta destinado para el aumento de sus mercaderías y la adquisición de insumos y herramientas que ayuden a incrementar sus ingreso y mejoren la claridad de vida de sus familias como lo han ido haciendo con los anterior financiamientos pues este grupo ya lleva junto tres ciclos demostrando responsabilidad y honestidad en el cumplimiento de sus obligaciones.


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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