Las Cumplidas community back has 13 members. They know each other very well. The president of the bank, Nancy, has over 10 years of business experience. The rest of the group sells different items like hammocks, cosmetics, decorations and clothes. The group members are aware of the responsibility that they assume with a loan, and they will work well together to meet that responsibility.
El banco comunal las cumplidas está compuesto por 13 socias y socios, mismos que se conocen muy bien entre ellos, la presidenta del banco es la sra. Nancy que se dedica al rubro del comercio desde hace 10 años atrás, por otra parte el resto del grupo se dedica a: También a comercializar diferentes articulos, venden hamácas, cosméticos, cotillones y ropa. Los socios del grupo están concientes de la responsabilidad que asumen al contraer una deuda por lo que trabajan bien juntos.
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.