The Friendship Communal Bank is receiving its second Kiva loan and has demonstrated responsibilty and excellent monetary stewardship. The group is represented by Graciela and is comprised of 14 members, the majority of whom operate businesses selling products such as food, groceries, and clothes, as well as offering services such as public transportation and tailoring.
The members of the group share family ties to Elvira and her mother Graciela, but the women generate income independent of each other.
The members accept that there is great competition in the market with supply and demand, but thanks to their experience, they know how to rise above this.
This loan will be used to purchase merchandise and expand the members' businesses to generate better income and proviD. for a better quality of life for their families.
El banco comunal “Amistad” va cursando su segundo ciclo demostrando responsabilidad y buena administración D. los fondos, se encuentra representado por la señora Graciela y conformado por 14 miembros que en su mayoría se dedican a actividades comerciales D. venta D. productos como comida, abarrotes, ropa y a la prestación D. servicios como el transporte público y la confección D. prendas D. vestir. Dentro del grupo existe un parentesco familiar entre la señora Elvira y su mama la señora Graciela, pero ambas cuentan con ingreso independientes una D. la otra. Las socias aceptan que existe gran competencia en el mercado D. oferta y demanda D. productos pero gracias a los D. experiencia con la que cuentan saben como salir adelante. El destino del financiamiento es para el incremento D. capital y la adquisición D. mercadería que amplié sus negocios y genere una mayor ganancia para mejorara la calida 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.