The Las Tulipanes (The Tulips) Communal Bank is represented by Señora Maria Rosario and consists of twelve members who are beginning their third loan cycle during which they have demonstrated a desire for honest work and have been responsible in making their payments. All of the members have their own businesses, such as cosmetics catalog sales, selling meals, hairdressing, selling jewelry or bread, or selling groceries from neighborhood stores. Their competence in the field of business is high but the group members know how to get ahead thanks to their experience and their desire to work. The purpose of the loan is for the acquisition of materials, consumables and tools which will help them to generate greater earnings since that is what provides the means of supporting their families and improving their quality of life. As this is their third loan cycle together, the members have experience in solidarity groups so that Fundación Agrocapital is able to grant economic support, while the group is demonstrating unity and solidarity among themselves.
El banco comunal “Las Tulipanes” están representadas por la señora Maria Rosario y Conformado por 12 miembros los cuales empiezan su tercer ciclo en los cuales han demostrado ganas D. trabajar honestidad y responsabilidad en sus pagos. Todas las socias poseen sus propios negocios como la venta D. cosméticos por catálogos, comida, servicio D. peluquería, joyas, pan y abarrotes en tiendas D. barrios. La competencia en el ámbito comercial es alta pero los miembros del grupo saben como salir adelante gracias a su experiencia y sus ganas D. trabajar. El destino del financiamiento es para la adquisición D. materiales, insumos y herramientas que ayuden a generar un mayor ingreso ya que D. ello depenD. el sustento D. sus familias y mejoramiento D. su calidad D. vida. Por cursar su tercer ciclo juntas las socias cuentan con experiencia en grupos solidarios por lo que la fundación Agrocapital asegura otorgando un apoyo económico mientras el grupo demuestre unidad y solidaridad entre ellos.
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.