The community bank “Fe y Esperanza” (“Faith and Hope”) is made up of 14 members, of whom 10 are women and 4 are men. They are led by Señora SilV.. Motivated by the group loan, they have come together in order to grow together with the economic help of Fundación Agrocapital. They want to grow their small businesses selling chicken, bread, empanadas, catalogue cosmetics, and to manage the purchase of tools in order to do work more efficiently in their busy jobs.
The competition in the commercial arena is strong, but the members know how to move their businesses forward to generate a daily income that represents the sustenance of their families. Because they are a new group, they know the responsibility that they must have in order to complete their payments punctually and responsibly. Therefore they feel they have promised to continue growing each day for the good of their families.
EEl Banco “ Fe y Esperanza” esta conformado por 14 integrantes de los cuales,10 son mujeres y 4 hombres, se encuentran dirigidos por la señora SilV.. Motivados por el crédito solidario se reunieron para crecer junto al apoyo económico de la fundación Agrocapital y poder agrandar sus pequeños negocios de venta de pollo, pan, empanadas, cosméticos por catalogo y realizar la compra de herramientas para realizar un trabajo mas eficiente en sus puestos de chaparía. La competencia en el rubro comercial es alta pero los socios saben como salir adelante para generar un ingreso diario que representa el sustento de sus familias. A pesar de ser un grupo nuevo conocen la responsabilidad que se necesita para cumplir con sus pagos siendo puntuales y responsables ya que se sienten comprometidos a seguir creciendo cada día mas por el bien de 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.