The AMISTAD RSR Community Bank is represented by Ángela Elvira and has twelve members, most based in the Villa Victoria area. They are now on their fifth loan cycle together, having demonstrated their responsibility, honesty and desire to work. The members are in the main engaged in managing and/or driving their vehicles, as members of the "Punto Car" radio taxi service, which has been in operation for some 10 years now. Other members make football goal netting, one sells groceries while another sells clothing at market. Although they operate within a highly competitive sector, they achieve good levels of sales depending on the product and offer, allowing them to meet their payments and maintain their families. The loan will be used for spare parts and maintenance for their vehicles, the purchase of foodstuffs and raw materials for weaving, and general items of clothing. The members have positive experiences of other institutions, serving as the basis for this renewed economic support allowing them to continue growing in partnership.
El Banco Comunal denominado AMISTAD RSR Esta representado por la señora Ángela Elvira y por doce socias que en su mayoría radican en la zona D. Villa victoria y van cursando juntas ya su 5to ciclo demostrando responsabilidad, honestidad y ganas D. trabajar. La mayoría D. las socias se dedican a la administración D. sus vehículos y/o al manejo D. los mismos, pertenecen a la línea D. radio taxi "Punto Car", que esta en funcionamiento alrededor D. 10 años con el servicio, otras socias se dedican al tejidos D. redes D. arco D. fútbol, una D. las socias se dedica a la venta D. víveres y otra a la venta D. ropa en la feria. El mercado que atacan es muy competitivo, pero según al producto y la oferta que se tenga obtienen ventas favorables para poder cancelar sus obligaciones y mantener a sus familias. El destino del crédito es para compra D. repuestos y mantenimiento D. sus movilidades, compra D. víveres, y materia prima para el tejido y mercadería en general D. ropa. Los antecedentes D. las socias con otras instituciones son positivos por lo cual se vio por conveniente darle un nuevo apoyo económico para que sigan creciendo juntas.
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.