One of the characteristics of the communal bank “Juan Bautista” that is represented by Señora Carmen and is formed by 13 members is that are going into their second loan cycle, demonstrating their capacity for managing their funds, their unity, and their responsibility in their payments. The different activities between the clients of the group is the sale of bread, crackers, sweets, sandals, neighborhood grocery stores, sodas, shoes and motor-taxi service for pickup and delivery. Everyday the competition with respect to their businesses is difficult so they have to work very hard so they can move forward with their businesses.
The credit will be used in the purchase of Christmas merchandise because in this season demand is high and they need to change areas in order to have higher income. In this group there are only 3 people that have participated in similar groups and for the majority, this is the first time that they have participated in solidarity groups. But already they are enrolling in their second cycle without much difficulty to take their whole family forward.
Una de las características de la banca comunal “Juan Bautista” esta representada por la señora Carmen y conformada por 13 miembros que van cursando juntos su segundo ciclo demostrando capacidad para administrar sus fondos, unidad y responsabilidad en sus pagos. Entre las actividades que desarrollan las socias del grupo esta la venta de pan, salteñas, dulces, sandalias, abarrotes en tiendas de barrio, refrescos zapatos y al servicio de moto taxi de recojo y entrega. La competencia con respecto a sus negocios es difícil cada día para ellas, ya que tienen que trabajar muy duro para poder sacar adelante sus negocios. El crédito esta destinado a la compra de mercadería navideña para esta época ya que la demanda es alta y necesitan cambiar de rubro para tener un mejor ingreso. En este grupo solamente son 3 las personas que anteriormente han participado en grupos similares y la mayoría es la primera vez que participan de grupos solidarios pero ya van cursando su segundo ciclo sin mayor dificultad para sacar adelante a toda 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.