The communal bank “EL PORVENIR“ is on their 4th loan cycle and consists of 12 women. They all live in the Barrio and have different businesses. They meet in the house of President Mrs. Mairene. The businesses of the members are diverse. For example, Mrs. Mairene sells food in her home. Mrs. Maribel lives next door to the house where the meetings are held and she receives a pension. Another woman sells empanadas and drinks while others sell food as well as clothes and cosmetics. The members mention that there is a lot of competition to get this loan, but they make a difference in that Kiva partner Agrocapital works transparently, and provides advantages and access to this credit. Generally, the members say that the loan they are taking out is for their businesses and to increase their capital. This way, they can grow their businesses. The majority of the members have experience with communal banking since they worked in other financial institutions. They have good credit history and comply with the requirements of the Institution.
El Banco Comunal “EL PORVENIR“se encuentra en su 4º Ciclo, consta D. 12 mujeres. Todas viven en el Barrio tienen diferentes negocios, L. reunión se lleva a cabo en L. casa D. L. Presidenta Sra. Mairene. Los Negocios D. las socias son diversos por ejemplo Sra. Mairene tiene una venta D. comida en su hogar, L. Sra. Maribel vive al lado D. L. casa D. reunión y tiene una pensión, otra señora venD. empanadas, refresco, otras venden comida, también venden ropa y cosméticos. Las socias mencionan que existe gran cantidad D. competencia en relación a este crédito pero ellas hacen L. diferencia que Agrocapital trabaja D. manera transparente, y le da muchas ventajas y accesibilidad a este crédito. Generalmente las socias indican que el crédito lo sacan para sus negocios, para aumentar su capital, asimismo puedan crecer con sus negocios. En su mayoría tienen experiencia en Banca Comunal ya que trabajaban en otras entidades financieras. Sus antecedentes crediticios son buenos y cumplen con los requerimientos D. L. Institución.
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.