The Creciendo Juntas (“Growing Together”) cooperative bank is a group comprised of 13 members, in which we can find one male who is the president of the bank. Juan Carlos has dedicated himself to working as a driver for the past 8 years, demonstrating that he has a great deal of experience in the transportation arena. The rest of the group dedicates itself to: food sales, beverage sales, bread sales, clothing sales, cosmetics sales, and some also required loan funds for personal use.
El banco creciendo juntas es un grupo conformado por 13 socias entre las cuales podemos encontrar un varón que es el presidente el banco, Juan Carlos se dedica a trabajar como chofer desD. hace 8 años atras lo que demuestra que tiene muchas experiencia en el rubro del transporte, por otra parte el resto del grupo se dedica a: la venta D. comida, benta D. refrescos, venta D. pan, venta D. ropa, venta D. cosméticos y algunos incluso requirieron el crédito para uso personal.
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.