Naciones Unidas Group

The "United Nations" communal bank is made up of 15 members who are in their fourth loan, having demonstrated responsibility and fulfilled their payments. The members are represented by Eva. Most of the members have activities such as taking care of grocery or convenience stores, sale and manufacture of sports clothing, jewelry making, candy or soft drink stands, sale of children´s clothing, sale of cold cuts, stationery store, or machine embroidery. All of them live in the same area, have known each other for a long time and trust working in this type of group. The loan will be used to increase their working capital, buy equipment and tools for their different lines of work, or buy raw materials or supplies for production.

Translated from Spanish by Molly Puglisi, Kiva Volunteer

El banco Comunal "Naciones Unidas" esta conformado por 15 socios los mismos que se encuentran en su cuarto ciclo demostrando responsabilidad y cumplimiento en sus pagos, los socios se encuentran representados por la señora Eva. La mayoría de los socios se dedican a actividades como atención de tienda de abarrotes y pulpería, venta y elaboración de prendas deportivas, orfebrería y artesanía de joyas, atención de kiosco de dulces y refrescos, venta de ropa para niños, venta de embutidos, atención de bazar librería, bordados computarizados. todas residen en la misma zona, todas las socias se conocen hace mucho tiempo y tienen la confianza de trabajar en este tipo de agrupaciones. El crédito esta destinado al incremento de capital, compra de equipos y herramientas para su diferentes rubros, y a la compra de materia prima e insumos para la producción.


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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