The San Francisco community bank is represented by Sra. Irene. It's a new group that includes 12 members, most of whom have experience with community banking because they've been members of other groups before. There are new members, as well, and all of them want to work and get ahead. The members operate various businesses selling products such as empanadas, clothing, and cosmetics or providing services such as cleaning or public transportation. The loan will be used to start new businesses and to grow those that have already received capital, money that has been used to buy merchandise and supplies, work tools, for example, that help them to increase their incomes and, in turn, improve the lives of their families.
El banco comunal "San Francisco" esta representado por la señora Irene, es un grupo nuevo que cuenta con 12 integrantes las mayorías de las socias tienen experiencia porque han trabajado en anteriores grupo y se han integrado nuevas socias, de manera que son personas con ganas de trabajar y de salir adelante. En general las socias se dedican a actividades comerciales de venta de empanadas, ropa, cosméticos y a prestar servicios de empleadas y chóferes. el destino del crédito es para empezar nuevos negocios y hacer crecer los que ya tienen obteniendo un capital para la compra de mercaderías e insumos así como herramientas de trabajo que ayuden a mejorar sus ingresos para brindarles a sus familias una mejor calidad de vida.
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.