The members of the Cristo Vive (“Christ Lives”) cooperative bank live in the Guapurú neighborhood. There is a family relationship within the group: the A. family; they are sisters. They formed the group with the aim of attaining working capital. The members undertake various activities such as cosmetics sales, bread sales, general stores, and food sales. The male colleague in the group sells plastic goods. All members generate income on a daily basis. Insofar as the competition, suffice it to say that they are aware of it, and they comment that the loan assistance helps them improve the growth of their businesses greatly. The loan granted to them is destined to help them supply their stores (established businesses), for the merchants to take advantage of sales and to increase their merchandise supply. The members comment that they have had previous credit with other microfinance institutions.
Las socias D. la banca comunal "cristo vive", son socias que viven en el barrio guapurú. Existe un parentesco consanguíneo: la familia A.; son hermanas. Formaron el grupo con el propósito D. contar con un capital D. trabajo. Las socias integrantes desempeñan diferentes actividades como: venta D. cosméticos, venta D. pan, tienda D. abarrotes y venta D. comida, el socio participante venD. accesorios D. plásticos, todos los socios generan un movimiento económico diario. En cuanto a la competencia se pueD. decir que están conscientes D. la misma; y comentan que la administración del crédito, favorece para mejorar en el crecimiento D. su negocio. El crédito que se les otorgó, según expresiones, esta destinado surtir sus tiendas (negocios establecidos), para las promotoras aprovechar las ofertas y el socio para participante para incrementar su mercadería. Efectivamente las socias comentan que ya tuvieron créditos anteriores en otras instituciones microfinancieras.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.