The communal bank named "Los Obreros" is represented by Demetrio and is maD. up of 12 persons who work in different activities, such as making wood furniture, the sale of food, empanadas, meat, groceries in neighborhood stores, fruits and vegetables. Each one of the members knows that there is a lot of competition in the market but they also know that they must work hard at their sales since this means daily income and support for their families. They need financing in order to be able to get more merchandise at lower prices as well as buy supplies so they can offer a product which can compete in the marketplace. This group is relatively new and does not have much experience with support groups, but they are aware that it requires a greater effort to fulfill their obligations with the group and the loan institution in order to improve their families´ standard of living.
El banco comunal denominado "Los Obrero" esta representado por el señor Demetrioa y conformada por 12 personas las cuales se dedican a diferentes actividades como a la elaboración D. muebles D. madera, a la venta D. comida, empanadas, carne, abarrotes en tiendas D. barrio, frutas y verduras. Cada uno D. los miembros sabe que existe gran competencia en el mercado pero también sabe que debe esforzarse en su puesto D. venta ya que representa el ingreso diario y el sustento D. su familia es por esta razón que requieren del financiamiento para poder obtener mayor mercadería a un precio mas bajo así como la compra D. insumos para brindar un producto acabado que pueda competir en el mercado. Este grupo es relativamente nuevo por lo que no tiene mucha experiencia en grupos solidarios pero están concientes que se requiere D. un mayor esfuerzo para cumplir con su grupo y con la Institución y poder mejor la calidad D. vida D. sus familias.
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.