The community bank "los Amistosos II" is represented by doña María Victoria and has 14 members. The majority of the group has already worked through loans as they are old members who sell food, pops and tablets, clothes, cosmetics and groceries. The gentleman is a building worker who needs capital to buy new tools to make his work easier, and the rest of the members need merchandise and supplies to increase their businesses and improve their income which is the means of support of their families. Competition is high but they know how to make their economical activity profitable. As to the experience with loans, it is the their first cycle within the institution but they are happy to receive economical support to help them generate higher income and improve the life quality of their families.
El banco comunal “los Amistosos II” esta representado por la señora María Victoria y conformado por 14 miembros donD. la gran mayoría del grupo ya trabajaron bajo esta modalidad D. crédito siendo socias antiguas que se dedican a venta D. comida, refrescos y pastillas, ropa y D. cosméticos tiendas D. abarrotes, el varón es albañil el cual necesita capital para adquirir nuevas herramientas que facilite su trabajo y el resto D. las socias requiere D. mercadería e insumos para agrandar sus negocios y mejorar sus ingresos que son el sustento D. sus familias. La competencia dentro D. sus rubros es alta, pese a eso saben sacar adelante la actividad económica a la que se dedican. En cuanto a la experiencia crediticia las socias van cursando su primer ciclo dentro D. la institución pero están contentos D. que se les brinD. un apoyo económico para ayudada a generar mejores ingresos y a mejorar la calidad D. vida D. su familia
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.