The Communal Bank San Fer Lay was established eight months ago and is now in its second loan cycle. It's currently maD. up of thirteen partners who are dynamic and collaborative. Kathy B. is the president of the Communal Bank. She is an enterprising lady, 26 years old and the mother of a three-year-old son. She works selling garments, which she offers and which leave her in credit. This loan of 6,500 soles will be invested by each partner in their respective businesses, so that they can buy essential products (rice, sugar, noodles etc.) to prepare food, soft drinks, sweets and sewing materials. The goal of the Communal Bank is to be a group of responsible, united and supportive women.
El Banco Comunal San Fer Lay tiene ocho meses formado, es su segundo ciclo D. préstamo, lo integran trece socias actualmente, ellas son socias muy dinámicas y colaboradoras. Kathy B. es la presidenta D. este Banco Comunal, ella es una mujer emprendedora, tiene 26 años D. edad y es madre D. un pequeño D. tres años, se dedica a la venta D. prendas D. vestir, ella lo ofrece y deja a crédito. Este préstamo D. S 6,500 soles será invertido por cada socia es sus respectivos negocios, piensan comprar: productos D. priM. necesidad (arroz,. azúcar, fideos, etc.), insumos para preparar comidas, gaseosas, golosinas, materiales para costura.
La meta del Banco Comunal es ser un equipo D. mujeres responsables, unidas y solidarias.
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.