El Pauro Group
The Community Bank "El Pauro" is represented here by Gregoria and 23 other members, of whom 16 are women and 7 are men. These workers strive towards the financial well-being of their family, and that is why they seek the support of Agrocapital (Kiva Field Partner), to have quick financing to have funds to invest in their business, and translate this into greater earnings. They are a very tight-knit group, knowing one another very well despite this being their first experience. Most of the members are in sales of products such as prepared foods, fruits, appliances, knitting crafts, milk, shingles, general groceries, and baked goods, as well as construction work and public transportation drivers. There is a great deal of competition but they all know how to pull through, especially because their families depend on them.
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.
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