The community bank “Salesiano” is a group of 13 people, of which 11 are women and two are men, represented by Luisa who is in her first cycle with the institution. Still, they have demonstrated a strong will to succeed in the group meetings. The majority of the group works in businesses such as sales of shoes, fruit, make-up, and sweets. They also work in the manufacture of clothing, bread baking, and others are employed in businesses. Their skill in each area is at a high level, and this shows that they will succeed in whatever business they are in. The loan is designated for the growth of their businesses, the purchase of merchandise, incomes and supplies to improve their earnings, which will permit them to give their families a better quality of life. Though this is their first cycle, the members already have experience with credit in groups thanks to credits from institutions similar to Fundación Agrocapital. They are ready to move forward in their small businesses since their families depend on it.
El Banco comunal “SALESIANO” Es un grupo D. 13 personas D. las cuales11 son mujeres y 2 son varones representados por L. señora Luisa que van cursando su primer ciclo dentro D. L. institución, pese a ello han D. mostrado muchas ganas D. salir adelante en las reuniones del grupo. L. mayoría del grupo se dedican al comercio D. diferentes productos como L. venta D. zapatos, frutas, cosméticos, dulces; también se dedican a actividades como L. confección D. prendas D. vestir, elaboración D. pan y como empleados en las empresas. L. competencia dentro D. su rubros es alta pese a eso saben sacar adelante L. actividad económica a L. que se dedican. El crédito esta destinado al crecimiento D. sus negocios con L. compra D. mercaderías, insumos y herramientas para mejorar más sus ingresos que les permitirá darles a sus familias una mejor calidad D. vida. En cuanto a L. experiencia crediticia las socias ya cuentan con experiencia en grupos solidarios pese a que es su primer ciclo gracias a créditos en instituciones similares a L. Fundación Agrocapital y están dispuestas a sacar adelante a sus pequeños negocios ya que D. ello dependen 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.