The members of La Unión are all from the same neighborhood. They all have their own businesses, which they work day to day. They have businesses like selling food, selling bread, having grocery stores, selling refreshments and “empanadas” (stuffed pastry), selling cosmetics, selling sheets and quilts, and selling clothes. In spite of the competition that exists, they know how to get ahead.
They will use the loan to make their businesses grow, to have more capital, and to have a solid business in the future. The previous loans with this communal bank have been very good. All of the members get along well, are very active, and have a great desire to be the best group and to work. Some of the members have loans with other financial entities. They make refreshments to share with the other members at their meetings. They have been doing this since their first meeting.
Las socias de LA UNIÓN son del mismo barrio todas, cada una de ellas tienen sus propios negocios con el que día a día trabajan, como ser venta de comida, venta de pan, tienda de abarrotes, venta de refrescos empanadas, promotoras de cosméticos, venta de sabanas y edredones, venta de ropa. En cuanto a la competencia en sus negocios indican que existe pero pese a eso ellas saben salir adelante. El crédito lo utilizaran para hacer crecer sus negocios tener más capital, tener a futuro un negocio consolidado. Los antecedentes crediticios de este Banco Comunal La es muy bueno ya que todas se llevan bien son bien activas tienen muchas ganas de ser el mejor grupo y trabajar. Algunas socias tienen créditos en otras entidades financieras. En las reuniones realizan refrigerios para compartir con el resto de las socias, esto lo vienen realizando desde la primera reunión.
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.