Guadalupe Group

The Guadalupe Communal Bank has 12 members and is represented by Señora Pacesa. It is a new group and many of its members dedicate themselves to businesses like selling sweets, meals, and clothing. Other members run motorcycle taxis or offer cleaning services. The group's members are good at what they do but more than anything, they are driven by a desire to succeed and the need to support their families. This loan will be used to buy ingredients, supplies, and to improve the tools that the members work with. The members have experience with communal banking and are mutually supportive. They also know how to manage their obligations responsibly and do so because it helps them improve their families' quality of life.

Translated from Spanish by Sara Sultan, Kiva Volunteer

El banco comunal "Guadalupe" esta representado por la señora Pacesa y es un grupo nuevo que esta formado por 12 personas que se dedican a actividades comerciales como a la venta de dulces, comida, pan, ropa, servicio de trasporte en moto taxis y al servicio de limpieza. Los socios (as) están concientes de la competencia pero su deseo de superación y su necesidad de mantener a su familia es más grande. El financiamiento esta destinado a la compra de insumos, materiales y al mejoramiento de las herramientas de trabajo. Los socios (as) cuentan con experiencia en grupos solidarios y saben como cumplir con sus obligaciones en especial si les sirve para mejorar la calidad de vida de sus familias.


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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